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At a price of $10, the quantity demanded of pizzas is 100 and the quantity supplied is 150. Which of the following statements must be
At a price of $10, the quantity demanded of pizzas
is 100 and the quantity supplied is 150. Which of the following statements must be true?
(A) There is a shortage of pizza at a price of $10.
(B) The equilibrium price of pizza is below $10.
(C) The quantity of pizzas sold will be 150.
(D) At equilibrium, fewer than 100 pizzas will
be sold.
(E) The pizza market is in equilibrium.
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