QUESTION 11 Assume that the price of cheese has decreased and the price of garlic bread (a substitute good) has decreased at the same time. How this will affect the market for pizzas? O a. Quantity of...


QUESTION 11<br>Assume that the price of cheese has decreased and the price of garlic bread (a substitute good) has decreased at the same time. How this will affect the market for pizzas?<br>O a. Quantity of pizza would fall, and the effect on price would be ambiguous.<br>O b. Price of pizza would rise, and the effect on quantity would be ambiguous.<br>O. Quantity of pizza would rise, and the effect on price would be ambiguous.<br>O d. Price of pizza would fall, and the effect on quantity would be ambiguous.<br>

Extracted text: QUESTION 11 Assume that the price of cheese has decreased and the price of garlic bread (a substitute good) has decreased at the same time. How this will affect the market for pizzas? O a. Quantity of pizza would fall, and the effect on price would be ambiguous. O b. Price of pizza would rise, and the effect on quantity would be ambiguous. O. Quantity of pizza would rise, and the effect on price would be ambiguous. O d. Price of pizza would fall, and the effect on quantity would be ambiguous.

Jun 10, 2022
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