Suppose the equilibrium price for pizza is $5 . If the government sets price at $4, the result would be
a. a shortage because at $4, the quantity demanded would exceed the quantity supplied
b. a surplus because at $4, the quantity demanded would be less than the quantity supplied
c. that the market would remain in equilibrium, but with a larger quantity bought and sold at $5
d. that at $4, the quantity sold would be greater than the quantity bought
e. that at the equilibrium price of $5, fewer units would be sold
A
Economics
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