The above figure shows a graph of the market for pizzas in a large town. As a result of concern over the affordability of pizza, the government restricts sellers from charging a price over $7. As a result, the quantity of pizzas consumed will

A) increase.
B) decrease.
C) remain unchanged.
D) be indeterminable.

B

Economics

You might also like to view...

If the population is 300 million, with 70 million under the age of 16 and institutionalized, another 70 million not in the labor force, 10 million unemployed, and 150 million employed, the employment-to-population rate is

A) 53.3 percent. B) 65.2 percent. C) 46.7 percent. D) 87.5 percent.

Economics

Which function of money represents a measure for stating the prices of goods and services?

A) medium of exchange B) unit of account C) store of value D) means of payment

Economics