Suppose Current Equilibrium Price of Pizza Is $5

question 33

Multiple Choice

Suppose current equilibrium price of pizza is $5.If the government decides the price of pizza cannot rise above $4,there would be:

• A)a shortage of pizzas.
• B)a surplus of pizzas.
• C)a rightward shift of the supply curve of pizzas.
• D)no impact on the equilibrium price and quantity of pizzas.
• E)a rightward shift in the demand curve for pizzas.

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Definitions:

Corporate Ladder

A metaphor for the hierarchical structure of a corporation, representing the pathway for career progression and promotion.

Career

The pursuit of a lifelong ambition or the general course of progression towards lifelong goals.

Paycheck

A form of monetary compensation issued by an employer to an employee, reflecting wages or salary earned.

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Not a recognized term in psychology or science.