Multiple Choice
Assume that pizza and tacos are substitutes, and the price of a pizza increases. Which of the following correctly indicates what happens?
A) The demand for pizza decreases and the demand for tacos increases.
B) The quantity of tacos demanded increases and the quantity of pizza demanded decreases.
C) The quantity of pizza demanded decreases and the demand for tacos increases.
D) The demand for each decreases because both are normal goods.
E) The demand for both goods decreases.
Correct Answer:
Verified
Correct Answer:
Verified
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