Suppose the Current Equilibrium Price of Pizza Is $5

question 137

Multiple Choice

Suppose the current equilibrium price of pizza is $5.And suppose the government decides the price of pizza cannot rise above $4.What will be the result of this policy?  

• A) A shortage will occur. 
• B) A surplus will occur. 
• C) The market will remain in equilibrium, but with a larger quantity bought and sold than at $5. 
• D) The quantity sold of $4 pizza will be greater than the quantity bought.

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Definitions:

Marriage Pool

The demographic from which an individual is likely to choose a spouse, often influenced by social, cultural, and geographical factors.

Black Couples

Refers to pairs or partnerships where both individuals identify as Black or African American, often studied within the context of societal, cultural, and economic dynamics.

Interracial Marriage

A marriage between partners who belong to different racial groups.

Biracial Children

Children whose parents are of two different races, often facing unique cultural and social integration challenges.