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

question 26

Multiple Choice

-The above figure shows a graph of a market for pizzas in a large town.At a price of $7,what is the amount of excess demand?

• A) 0; there is excess supply at $7.
• B) 20 units
• C) 30 units
• D) 10 units

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Definitions:

Argument

A reason or set of reasons given with the aim of persuading others that an action or idea is right or wrong.

Occupational Segregation

The distribution of people across and within occupations and jobs, influenced by factors like gender, race, and education, often leading to inequality.

Efficient Allocation

The optimal distribution of resources in an economy, ensuring that these resources are used in a way that maximizes the net benefit to society.

Ethnic Groups

Communities of people who share common cultural characteristics, ancestral ties, and social experiences.