Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 15, 2022

If the price of pizza sauce increases, there will be __________ of pizza. a. an increase in the supply b. an increase in the quantity

If the price of pizza sauce increases, there will be __________ of pizza.
a. an increase in the supply
b. an increase in the quantity supplied
c. a decrease in the quantity supplied
d. a decrease in the supply.

Step by Step Solution

★★★★★

3.42 Rating (152 Votes )

There are 3 Steps involved in it

Step: 1

The answer is d a decrease in the supply if the price of pizza sauce increases ther... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Principles of Economics

Authors: Gregory Mankiw

7th edition

128516587X, 978-1285165875

More Books

Students also viewed these Economics questions

Question

★★★★★

If the price of an input rises, producers are willing to produce A. More output at each given price of the product. B. Less output at each given price of the product. C. The Same output at each given...

Answered: 1 week ago

Question

★★★★★

If the price of eggs were to double from $1 per egg to $2 per egg, Freddy would consume 6 fewer eggs without changing his consumption of other goods. Which would he prefer: The price increase, or...

Answered: 1 week ago

Question

★★★★★

If the price of gasoline is $ 4.00 per gallon and the price elasticity of demand is 0.4, how much will a 10 percent reduction in the quantity placed on the market increase the price? Will total...

Answered: 1 week ago

Question

★★★★★

Mr. Jalal Talabani is a resident of Bangladesh. The information regarding his investments in securities during the income year 2019-20 are as follows: a) 15% Beximco Debentures were purchased from...

Answered: 1 week ago

Question

★★★★★

Why does the property tax, as implemented in the United States, provide a disincentive for property owners to improve their property? How would a land tax alter these incentives?

Answered: 1 week ago

Question

★★★★★

Describe a scheme for carrying out the following synthesis. (In the synthesis reported in the literature, four separate operations were required.)

Answered: 1 week ago

Question

★★★★★

How did Halls book Senescence anticipate contemporary developments in the psychology and sociology of aging?

Answered: 1 week ago

Question

★★★★★

The Plant Department of the local telephone company purchased four special pole hole diggers 8 years ago for $14,000 each. They have been in constant use to the present. Owing to an increased...

Answered: 1 week ago

Question

★★★★★

Sal's Surf Shop deposits all receipts in the bank and makes all payments by check. On July 31 the cash account had a balance of 56,105.42. The bank statement only reported a balance of $4,146.46....

Answered: 1 week ago

Question

★★★★★

What is the potential of a copper electrode immersed in 0.0380 M in Cu (NO3)2 0.0650 M in NaCl and saturated with CuCl 0.0350 M in NaOH qnd saturated with Cu(OH)2 0.0375 M in Cu (NH3)4^2+ and 0.108 M...

Answered: 1 week ago

Question

★★★★★

Select your topic problem statement. Prepare a one page summary (double-spaced) describing your topic proposal problem statement. You should discuss what your topic is, between three and five areas...

Answered: 1 week ago

Question

★★★★★

A pony, tied to the end of a lead, can walk in a full circle, a distance of 56.55 meters. About how long is its lead? A. 28.3 meters B. 18.0 meters C. 9.0 meters D. 7.5 meters

Answered: 1 week ago

Question

★★★★★

2. For an idealized slipper-pad bearing, the bottom wall moves at a constant velocity U and the upper block is fixed. Both the moving and fixed walls are non- permeable. If the velocity within the...

Answered: 1 week ago

Question

★★★★★

4. The monthly profits of Hi-Mark corporation were organized into a frequency distribution. The mean of monthly profits was computed to be $105 600, the median $104 700, and the mode $104 200. (a)...

Answered: 1 week ago

Question

★★★★★

Ralph Young was a commercial tour boat operator on the northern coast of Kauai, Hawaii. He was licensed by the state of Hawaii to operate his boat in Hanalei Bay. The U . S . Department of...

Answered: 1 week ago

Question

★★★★★

A stainless-steel bar is heat up to 1400K and cooldown to improve the hardness of the metal is removed from an furnace and cool down by immersing it in 15 kg of water at 27C. appropriate constant...

Answered: 1 week ago

Question

★★★★★

On February 1, 2016, Cromley Motor Products issued 12% bonds, dated February 1, with a face amount of $65 million. The bonds mature on January 31, 2020 (4 years). The market yield for bonds of...

Answered: 1 week ago

Question

★★★★★

It is possible to investigate the thermo chemical properties of hydrocarbons with molecular modeling methods. (a) Use electronic structure software to predict cHo values for the alkanes methane...

Answered: 1 week ago

Question

★★★★★

Multiple Choice Questions 1. Economics is best defined as the study of a. How society manages its scarce resources. b. How to run a business most profitably. c. How to predict inflation,...

Answered: 1 week ago

Question

★★★★★

Multiple Choice Questions 1. Because Elaine has a family history of significant medical problems, she buys health insurance, whereas her friend Jerry, who has a healthier family, goes without. This...

Answered: 1 week ago

Question

★★★★★

Multiple Choice Questions 1. A tax on a good has a deadweight loss if a. The reduction in consumer and producer surplus is greater than the tax revenue. b. The tax revenue is greater than the...

Answered: 1 week ago

Question

★★★★★

Which concept of profitsaccounting or economic-is implied in the following quotations? a. "Profits are necessary if firms are to stay in business. b. "Profits are signals for firms to expand products...

Answered: 1 week ago

Question

★★★★★

Consider an example of a production function that relates the monthly production of widgets to the monthly use of capital and labour services. Suppose the production function takes the following...

Answered: 1 week ago

Question

★★★★★

In the text, we stated that the LRAC curve initially slopes downward because of economies of scale. In the previous chapter we saw that the SRATC curve can initially slope downward because of...

Answered: 1 week ago

Previous Question Next Question