A: negative, and pizza is a inferior good
B: positive, and pizza is a normal good
C: positive, and pizza is an inferior good
D: negative, and pizza is an normal good
举一反三
- For Susie, a 7 percent increase in income results in a 12 percent increase in the quantity demanded of pizza. For Susie, the income elasticity of demand for pizza is_________.
- If a 4% increase in income causes a 2% increase in the amount of books demanded, then A: The income elasticity of demand for books is negative B: Books are a necessity and a normal good C: Books are luxury goods D: Books are inferior goods
- Suppose that the quantity supplied of pizza exceeds the quantity demanded for pizza. We would expect that:
- If a 15% increase in price for a good results in a 20% decrease in quantity demanded, the price elasticity of demand is
- Abigail: Is Paul’s Pizza ________ Pizza Cascade? Logan: I think Paul’s Pizza is better.
内容
- 0
According to the supply law, a fall in the price of a good will cause _____ in the supply of the good and vice versa, other things remaining equal. Price and quantity supplied have a ____ relationship. A: a decrease; negative B: a decrease; positive C: an increase; negative D: aan increase; positive
- 1
Suppose there is a 6 percent increase in the price of good X and a resulting 6 percent decrease in the quantity of X demanded. Price elasticity of demand for X is
- 2
I ordered a pizza for dinner._____ pizza was very nice. A: A B: — C: C . The
- 3
If leisure is a normal good, then an increase in non-labor income will reduce labor supply.
- 4
John purchases two goods, x and y. Good x is an inferior good for some range of income.There must be another range of income for which good x is a normal good.