a. Label the curves. Which curve shows the willingness to pay for a pizza? b. If the
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b. If the price of a pizza is $16, is there a shortage or a surplus and does the price rise or fall?
c. Sellers want to receive the highest possible price, so why would they be willing to accept less than $16 a pizza?
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a The demand curve is the downward sloping curve and the supply c...View the full answer
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