Solved

The Demand for Pizzas in a Large Town Is Written

Question 216

Multiple Choice

The demand for pizzas in a large town is written as: Qd = 120 - 10P + 5Pb - 0.5Ps - 10Y,where Qd is the quantity demanded,P is the price,Pb is the price of burritos,Ps is the price of soft drinks sold in the pizza restaurants,and Y is personal income per month (in thousand dollars) .We can conclude that burritos and pizzas are


A) substitutes.
B) normal goods.
C) complements.
D) unrelated.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions