If the Equilibrium Point of 5-For-1 Pizza Is 2000 Pizzas

question 14

Multiple Choice

If the equilibrium point of 5-for-1 Pizza is 2000 pizzas per week and $10.00 per pizza, and the owner decides to make 1900 pizzas and sell them at the same price, what is the likely outcome?

• A) The business will have less expenses and also have greater profit.
• B) The business will have a shortage.
• C) The business will make more profit.
• D) The business will have a surplus.
• E) The business will have less expenses but no more profit.

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Definitions:

Discouraged Worker

An individual who is not actively seeking employment due to believing that no work is available for them, leading to their exclusion from the labor force in unemployment statistics.

Bureau Of Labor Statistics

A U.S. government agency that collects and analyses economic data to report on labor market activity, working conditions, and price changes.

Discouraged Workers

Individuals who are not actively seeking employment due to a belief that no jobs are available for them.

CPI

The Consumer Price Index is a metric that calculates the average cost of a selection of consumer items and services, including food, transportation, and healthcare, by looking at their weighted average prices.