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-The Demand and Supply Schedules for Pizza Are in the Table

Question 16

Multiple Choice

-The demand and supply schedules for pizza are in the table above. A price ceiling of $2 per slice results in A) a shortage of 60 slices of pizza. B) a surplus of 20 slices of pizza. C) a shortage of 20 slices of pizza. D) a shortage of 40 slices of pizza. E) neither a shortage nor a surplus.
-The demand and supply schedules for pizza are in the table above. A price ceiling of $2 per slice results in


A) a shortage of 60 slices of pizza.
B) a surplus of 20 slices of pizza.
C) a shortage of 20 slices of pizza.
D) a shortage of 40 slices of pizza.
E) neither a shortage nor a surplus.

Correct Answer:

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