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

Question 97

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

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