Suppose the current equilibrium price of pizza is $5.And suppose the government decides the price of pizza cannot rise above $4.What will be the result of this policy?
A) A shortage will occur.
B) A surplus will occur.
C) The market will remain in equilibrium, but with a larger quantity bought and sold than at $5.
D) The quantity sold of $4 pizza will be greater than the quantity bought.
Correct Answer:
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Q180: Assume that supply increases slightly and demand
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