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.

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Definitions:

Mollusca

A diverse phylum of invertebrate animals with a soft body, which in many species is protected by a hard shell.

Barnacles

Marine crustaceans with hard protective shells, known for their sessile lifestyle attached to surfaces like rocks, ships, and whale skin.

Octopuses

Cephalopod mollusks known for their eight arms, high intelligence, and ability to change color and texture for camouflage.

Cephalopods

A class of mollusks that includes octopuses, squids, cuttlefish, and nautiluses, characterized by bilateral body symmetry, a prominent head, and a set of arms or tentacles.