Asked by
Victoria Cardona
on Dec 08, 2024
Verified
A frozen food manufacturer can produce either pizzas or calzones. As the result of an increase in the price of calzones, the firm produces more calzones and fewer pizzas. An economist would explain this by saying
A) the supply of calzones increased and the supply of pizzas decreased.
B) there has been an increase in the quantity supplied of calzones and a decrease in the quantity supplied of pizzas.
C) there has been an increase in the quantity supplied of calzones and a decrease in the supply of pizza.
D) the supply of calzones increased and the quantity supplied of pizza decreased.
Frozen Food
Food products that have been subjected to rapid freezing and are kept frozen until used to extend their shelf life.
Calzones
A type of Italian folded pizza, filled with various ingredients such as cheese, meats, and vegetables, then baked.
- Differentiate between changes in quantity supplied and changes in supply.
- Recognize the impact of substitutes' price changes on supply decisions.
Verified Answer
AC
Learning Objectives
- Differentiate between changes in quantity supplied and changes in supply.
- Recognize the impact of substitutes' price changes on supply decisions.