Suppose the Equilibrium Price for Pizza Is $5

Multiple Choice

Suppose the equilibrium price for pizza is $5. If the government sets price at $4, the result would be

A) a shortage because at $4, the quantity demanded would exceed the quantity supplied
B) a surplus because at $4, the quantity demanded would be less than the quantity supplied
C) that the market would remain in equilibrium, but with a larger quantity bought and sold at $5
D) that at $4, the quantity sold would be greater than the quantity bought
E) that at the equilibrium price of $5, fewer units would be sold