Multiple Choice
If the price of a Domino's pizza decreases,while the price of a Pizza Hut pizza doesn't,we expect the quantity of Pizza Hut pizza demanded to:
A) decrease as some people switch from Pizza Hut to the relatively cheaper Domino's.
B) increase as some people switch from Pizza Hut to the relatively cheaper Domino's.
C) decrease as some people switch from Pizza Hut to the relatively more expensive Domino's.
D) increase as some people switch from Pizza Hut to the relatively more expensive Domino's.
Correct Answer:
Verified
Correct Answer:
Verified
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