In a Simple Model of the Supply and Demand for Pizza

question 50

Multiple Choice

In a simple model of the supply and demand for pizza, when the price of cheese increases, the price of pizza ______ and the quantity purchased ______.

• A) increases; increases
• B) decreases; increases
• C) decreases; decreases
• D) increases; decreases

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Definitions:

Cash Dividend

A payment made by a company out of its earnings to shareholders, usually in cash.

Financial Statements

Formal records of the financial activities and position of a business, individual, or other entity, typically including the balance sheet, income statement, and cash flow statement.

Earnings Per Share

A financial metric calculated by dividing the company's net income by the number of its outstanding shares, indicating profitability on a per-share basis.

Income Statement

A financial document that reports a company's financial performance over a specific period, including revenue, expenses, and net income.