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

Question 102

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

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