If the price of a slice of pizza falls, Tom can
A) buy more pizza with his paycheck.
B) buy more soft drinks with his paycheck.
C) no longer afford pizza on his paycheck.
D) Either A or B is possible.
Correct Answer:
Verified
Q303: Q304: With a given level of money income, Q305: If a college student stays home and Q306: When consumers shift away from relatively higher Q307: If you regularly spend $100 a month Q309: The inverse relationship between quantity demanded and Q310: Suppose the price of pizza falls to Q311: When an individual's purchasing power changes due Q312: According to the substitution effect, if the Q313: The law of demand is derived under
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