The above figure shows a graph of the market for pizzas in a large town. At a price of $7, there will be
A) excess demand.
B) excess supply.
C) equilibrium.
D) zero demand.
A
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Which of the following is not a reason for differences in total factor productivity across countries?
A) Differences in the size of population. B) learning by doing. C) barriers to the adoption of new technology. D) inefficient allocation of factors of production across firms in some countries.
Which of the following is likely among the most concentrated industries in the United States?
A) printing and publishing B) soft drinks C) tobacco products D) household vacuum cleaners
Productive efficiency implies that
A) all consumers' wants are satisfied. B) no advance in technology will occur in the future. C) the attainable region is greater than the unattainable region. D) gains are impossible in one area without losses in another. E) all of the above
Identify at least two reasons an investor may want to consider an index fund over a managed (mutual) fund. What are these reasons?
What will be an ideal response?