Table 44 -Refer to the Market Schedules for Pizza in Table 4

question 31

Multiple Choice

Table 4.4
$$\begin{array}{l}\text { Table } 4.4\\\begin{array} { | l | l | l | } \hline \begin{array} { l } \text { Price per Pizza } \\( \$ ) \end{array} & \begin{array} { l } \text { Quantity Demanded per Week } \\\text { (millions) }\end{array} & \begin{array} { l } \text { Quantity Supplied per Week } \\\text { (millions) }\end{array} \\\hline 10 & 10 & 30 \\\hline 8 & 15 & 25 \\\hline 6 & 20 & 20 \\\hline 4 & 25 & 15 \\\hline 2 & 30 & 10 \\\hline\end{array}\end{array}$$
-Refer to the market schedules for pizza in Table 4.4. If the price rises to $10, what will happen?

• A) There will be a shortage of 20 million pizzas and the price will fall.
• B) There will be a shortage of 20 million pizzas and the price will rise.
• C) There will be a surplus of 20 million pizzas and the price will rise.
• D) There will be a surplus of 20 million pizzas and the price will fall.
• E) There will be equilibrium and the price will remain the same.

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