Pizza subs S The producer of pizza is able to get tomatoes for half the regular price. What will be the impact on pizza? AS or AQS? Reason? A school district has just announced that because of budget cuts they must decrease the salary of substitute teachers from $85 per day to $75 a day. What happens to the number of people willing to substitute teach? AS or AQS? Reason?

Pizza subs S The producer of pizza is able to get tomatoes for half the regular price. What will be the impact on pizza? AS or AQS? Reason? A school district has just announced that because of budget cuts they must decrease the salary of substitute teachers from $85 per day to $75 a day. What happens to the number of people willing to substitute teach? AS or AQS? Reason?

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter4: Labor And Financial Markets

Section: Chapter Questions

Problem 20RQ: Whether the product market or the labor market, what happens to line equilibrium price and quantity...

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