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Suppose the Current Equilibrium Price of Pizza Is $5

Question 177

Multiple Choice

Suppose the current equilibrium price of pizza is $5.If the government decides the price of pizza cannot rise above $4, the result of this policy would be


A) a shortage
B) a surplus
C) that the market would remain in equilibrium but with a larger quantity bought and sold than at $5
D) at the $4 price, the quantity sold would be greater than the quantity bought
E) a shift of demand to the right

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