The above figure shows a graph of the market for pizzas in a large town. At a price of $10, there will be

A) no pizzas supplied.
B) equilibrium.
C) excess supply.
D) excess demand.

C

Economics

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There are several jewelry manufacturers in Richland. However, the jewelry produced by different manufacturers has different designs and the products are never identical. The jewelry market in Richland is an example of a ________

A) duopoly B) monopoly C) perfectly competitive market D) monopolistically competitive market

Economics

"The difference between positive and normative statements is that a positive statement is always true while a normative statement might or might not be true." True or false? Explain

Indicate whether the statement is true or false

Economics