Consider the market for pizza indicate whether each of the


Consider the market for pizza. Indicate whether each of the following events is more likely to impact producer behavior (supply) or consumer behavior (demand). Will supply/demand increase or decrease? a. The price of pepperoni increases. b. Minimum wage increases. c. Income decreases and pizza is an inferior good. d. A nearby Chines restaurant offers a 2 for 1 deal on its dinners. e. The price of beer falls and beer is a complementary good.

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Business Economics: Consider the market for pizza indicate whether each of the
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