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A-LevelEconomicsThe price system and the microeconomy9708/12 · Oct/Nov 2010 · Q101 Mark

Domino Pizza, the largest US pizza chain, said that its profits had been reduced by on ingredients and by a reduction in consumers' disposable income. How would these changes affect the demand and supply curve for its products?

Ademand: move to the left; supply: move to the left
Bdemand: move to the left; supply: move to the right
Cdemand: move to the right; supply: move to the left
Ddemand: move to the right; supply: move to the right

✓ Correct answer

A: demand: move to the left; supply: move to the left

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Topic
The price system and the microeconomy, A-Level Economics (syllabus 9708). Multiple choice, 1 mark.
Source
A-Level Economics, Oct/Nov 2010 Paper 1 Variant 2, question 10.

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