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The Above Figure Shows the Market for Pizza

Question 101

Multiple Choice

The above figure shows the market for pizza. The market is in equilibrium when people's incomes decrease. If pizza is a normal good, then which point represents the most likely new price and quantity? A) A B) B C) C D) D E) E The above figure shows the market for pizza. The market is in equilibrium when people's incomes decrease. If pizza is a normal good, then which point represents the most likely new price and quantity?


A) A
B) B
C) C
D) D
E) E

Correct Answer:

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