Frozen food manufacturers supply pizza and calzones to perfectly competitive pizza and calzone markets. As the result of an increase in the prices of calzones, the firms produces more calzones and fewer pizzas. An economist would explain this by saying O the supply of calcones increased and the supply of pizzas decreased O there has been an increase in the quantity supplied of calzones and a decrease in the supply of pizza there has been an increase in the quantity supplied of calzones and a decrease in the quantity supplied of pizzas O the supply of calzones increased and the quantity supplied of pizza decreased

Frozen food manufacturers supply pizza and calzones to perfectly competitive pizza and calzone markets. As the result of an increase in the prices of calzones, the firms produces more calzones and fewer pizzas. An economist would explain this by saying O the supply of calcones increased and the supply of pizzas decreased O there has been an increase in the quantity supplied of calzones and a decrease in the supply of pizza there has been an increase in the quantity supplied of calzones and a decrease in the quantity supplied of pizzas O the supply of calzones increased and the quantity supplied of pizza decreased

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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