-The Figure Above Shows a Graph of the Market for Pizzas

question 145

Multiple Choice

-The figure above shows a graph of the market for pizzas in a large town.What characterizes the equilibrium in this market?

• A) There is excess supply at the equilibrium price of $7.
• B) The government has selected the appropriate price for pizzas.
• C) The quantity supplied equals the quantity demanded.
• D) Supply equals demand.

---

Definitions:

Petty Cash Account

A small amount of cash kept on hand within a business for minor, routine expenses.

Petty Cash Overage

A situation where the amount of petty cash on hand is more than the recorded amount, indicating discrepancies in transactions or recording errors.

Auxiliary Petty Cash Record

A supplementary accounting register used to track small or incidental expenses paid out in cash, aiding the main petty cash system.

Petty Cash Voucher

A petty cash form to be completed when money is taken out of petty cash.