Consider the Pizza Market,with a Downward-Sloping Demand Curve and an Upward-Sloping

question 97

Multiple Choice

Consider the pizza market,with a downward-sloping demand curve and an upward-sloping supply curve.Suppose 100 pizzas are purchased at the free-market equilibrium price.The consumer surplus on the 100th pizza is

• A)positive.
• B)negative.
• C)non-negative.
• D)unknown.
• E)zero.