A price increase for pizza will reduce the quantity of pizza demanded because it reduces a buyer's purchasing power. This is called :
A)income effect
B)the alternative effect
C)the substitution effect
D)the normal good effect

Name: A price increase for pizza will reduce the quantity of pizza demanded because it reduces a buyer's purchasing power. This is called : A)income effect B)the alternative effect C)the substitution effect D)the normal good effect
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The Answer is A

A Price Increase for Pizza Will Reduce the Quantity of Pizza