Answer:
d. positively to the nominal gross domestic product
Explanation:
The quantity theory of money :
M = (P x Y ) / V
Where m = quantity of money
P × Y = nominal GDP
V = velocity
Velocity is assumed to be constant in the short run. It is also believed that Y is constant in the short run. Therefore, movement in price level is determined by the quantity of money.
I hope my answer helps you.
Answer:
since there is not enough room here, I used an excel spreadsheet
Explanation:
Answer:
C. eat more pizza and spend less on pizza than he did before the price decrease.
Explanation:
The inelastic means that when the elasticity is less than one
Since the demand for pizza is inelastic and the price of pizza decreases that would result in an increase in the quantity demanded of pizza.
Though the price of pizza decreases, the Pablo spend less than before as the price and the quantity demanded has an inverse relationship.
Answer:
they should sell 16 pizzas
Explanation:
Total expense money : 9.57+168+62 =239.57
239.57 / 14.57 = 16.44 ≈ 16.4 and if we round up the decimal side the answer will be 16. Therefore the restaurant has to sell 16 pizzas
Hope i helped in some way!
