What is the effect of the following event on the supply of pizzas? If other things remain the same, when ________, the supply of pizzas ________. A. the price of cheese rises; decreases and the supply curve of pizzas shifts leftward B. the wage rate paid to chefs rises; decreases and the supply curve of pizzas shifts downward C. the price of a pizza rises; increases and the supply curve of pizzas shifts upward D. some pizzerias close; decreases and the supply curve of pizzas shifts rightward
What is the effect of the following event on the supply of pizzas? If other things remain the same, when ________, the supply of pizzas ________. A. the price of cheese rises; decreases and the supply curve of pizzas shifts leftward B. the wage rate paid to chefs rises; decreases and the supply curve of pizzas shifts downward C. the price of a pizza rises; increases and the supply curve of pizzas shifts upward D. some pizzerias close; decreases and the supply curve of pizzas shifts rightward
Chapter4: Demand, Supply, And Market Equilibrium
Section: Chapter Questions
Problem 20P
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What is the effect of the following event on the supply of pizzas?
If other things remain the same, when ________, the supply of pizzas ________.
A.
the price of cheese rises; decreases and the supply curve of pizzas shifts leftward
B.
the wage rate paid to chefs rises; decreases and the supply curve of pizzas shifts downward
C.
the price of a pizza rises; increases and the supply curve of pizzas shifts upward
D.
some pizzerias close; decreases and the supply curve of pizzas shifts rightward
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