Ask Question
17 June, 12:15

Pizza is a normal good if the demand a. curve for pizza slopes upward. b. for pizza rises when the price of pizza falls. c. for pizza rises when income rises. d. curve for pizza shifts to the right when the price of burritos rises, assuming pizza and burritos are substitutes.

+3
Answers (1)
  1. 17 June, 13:59
    0
    c. for pizza rises when income rises.

    Explanation:

    A normal good is a good with a positive income elasticity of demand. That is, the demand for such good increases with an increase in income level.

    From the scenario in the question, pizza is a normal good if its demand increases with an increase in income.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Pizza is a normal good if the demand a. curve for pizza slopes upward. b. for pizza rises when the price of pizza falls. c. for pizza rises ...” in 📙 Social Studies if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers