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to draw diagrams, but the diagrams will not be marked. Fill in the table below by marking (with an X) ALL the changes that would

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to draw diagrams, but the diagrams will not be marked. Fill in the table below by marking (with an X) ALL the changes that would apply for each event. For each event you must select all of the correct changes and none of the incorrect changes to earn the mark. a. Pizza is a normal good and average incomes decrease. b. Consumers consider burritos to be a substitute for pizza and the price of burritos has fallen. c. Producers consider calzones to be a substitute in production for pizza. The price of calzones has increased. d. There is a decrease in the number of pizza producers and at the same time there is an increase in the number of pizza consumers. e. The price of cheese (an input for pizza) increases and at the same time the price of burritos has fallen. f. There is an improvement is technology for pizza production. Supply Demand Equilibrium Price Equilibrium Quantity Shi Shift Shi Shift Cannot Cannot Even ft Righ ft Righ Increas Decreas determin Increas Decreas determin t Left Left e e e A B C D E F

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