Multiple Choice
Table 4.4
-Refer to the market schedules for pizza in Table 4.4. If the price rises to $10, what will happen?
A) There will be a shortage of 20 million pizzas and the price will fall.
B) There will be a shortage of 20 million pizzas and the price will rise.
C) There will be a surplus of 20 million pizzas and the price will rise.
D) There will be a surplus of 20 million pizzas and the price will fall.
E) There will be equilibrium and the price will remain the same.
Correct Answer:

Verified
Correct Answer:
Verified
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