Figure 11-3a -Figure 11-3a shows that when the price for Red Baron frozen cheese pizzas moves from $8 to $6 per unit along the demand curve D₁,the quantity demanded A) increases from 2 to 3 million units per year. B) decreases from 3 to 2 million units per year. C) stays the same. D) increases from 6 to 8 million units per year. E) decreases from 8 to 6 million units per year.

Question

Quizplus · Accepted Answer

When the price decreases from $8 to $6, the quantity demanded increases from 2 to 3 million units per year along the demand curve D1.

Figure 11-3a -Figure 11-3a Shows That When the Price for Red Baron