Exhibit 4.7 -Suppose the Current Equilibrium Price of Pizza Is $5. If

question 164

Multiple Choice

Exhibit 4.7

-Suppose the current equilibrium price of pizza is $5. If the government decides the price of pizza cannot rise above $4, there would be _____

• A) a shortage of pizzas.
• B) a surplus of pizzas.
• C) a rightward shift of the supply curve of pizzas.
• D) no impact on the equilibrium price and quantity of pizzas.
• E) a rightward shift of the demand curve for pizzas.

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Definitions:

Different Perspectives

Varied viewpoints or angles from which a situation, problem, or idea can be considered or evaluated.

Consensus

General agreement or a collective unanimous opinion among a group of people.

Earlier Conflicts

Refers to disputes or disagreements that occurred in the past.

Interpersonal Communication

The exchange of information, feelings, and meanings between two or more people through verbal or non-verbal methods.