Alice is willing to pay 3 for the second slice of pizza she eats. ...

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Alice is willing to pay 3 for the second slice of pizza she eats. The price she pays is 2. Alice's consumer surplus for this slice of pizza equals
 
  A) 0.
  B) 1.
  C) 2.
  D) 3.

Question 2

In the short run, the intersection of the aggregate demand and the short-run aggregate supply curves,
 
  A) determines the equilibrium price level.
  B) is a point where there is neither a surplus nor a shortage of goods.
  C) determines the equilibrium level of real GDP.
  D) All of the above answers are correct.

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Answer to Question 1

B

Answer to Question 2

D