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

question 103

Multiple Choice

-The above figure shows a graph of the market for pizzas in a large town.At a price of $14,there will be

• A) no pizzas supplied.
• B) equilibrium.
• C) excess supply.
• D) excess demand.

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Definitions:

Costs

Expenses incurred in the production of goods or in providing services, which can include materials, labor, and overhead.

Potential Errors

Mistakes or inaccuracies that could occur in a process, study, or calculation, affecting outcomes or results.

Survey

A data-collection tool that poses a sequence of questions to respondents.

Large Population

A term referring to a significantly large number of individuals residing in a particular area or country, which can impact various aspects of society and the economy.