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In a Simple Graphical Model of the Supply and Demand

Question 19

Multiple Choice

In a simple graphical model of the supply and demand for pizza with the price of pizza measured vertically and the quantity of pizza measured horizontally:


A) the supply curve slopes upward and to the right.
B) the demand curve slopes upward and to the right.
C) the supply curve slopes downward and to the right.
D) at the equilibrium price, the supply of pizza exceeds the demand for pizza.

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