5-For-1 Pizza Is Operating at the Point Where the Supply

question 144

Short Answer

5-for-1 Pizza is operating at the point where the supply curve intersects the demand curve. If the owner decides to increase the price and not change the production level, what will result?
A shortage
A surplus
More profit
A shift in the supply curve
A shift in the demand curve

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Definitions:

Investment

Allocating financial assets in hopes of achieving a return or profit.

Inventory

The raw materials, work-in-progress products, and finished goods that are considered to be the portion of a business's assets that are ready or will be ready for sale.

Gross Domestic Product (GDP)

A measure of the total economic production of a country, representing the total value of all goods and services produced over a specific time period.

Investment

The process of distributing funds with the aim of earning revenue or gains.