Author Question: The above figure shows a graph of the market for pizzas in a large town. At a price of 10, there ... (Read 110 times)

lindiwe · **on:** Jul 1, 2018

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.

Question 2

If the demand curve is given by Q = a + bp, then a is

A) negative.
B) the quantity demanded when price is zero.
C) the slope of the demand curve.
D) measured in money.