Suppose the frozen pizza market is in equilibrium. A recession causes local household incomes to decline. Assuming that frozen pizza is an inferior good, we can predict that the price of frozen pizza will and the quantity of frozen pizza bought and sold will .

increase

increase

Explanation:

Inferior goods are goods whose demand falls when income rises and increases when income falls.

If frozen pizza is an inferior good, a decrease in income will increase the demand for frozen pizza. this would lead to an increase in price and quantity

a recipe serves 8 people, and calls for 5 lbs of apples and 2 cups of flour. you want to prepare it for 24 people. divide 24 by 8 to get 3, and then multiply your ingredients by 3.

so for 24 people, you'll need 15 lbs of apples, and 6 cups of flour.

answer; balance sheets;