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Figure (3.13) illustrates the market for pizza. a. Label the curves. If the price of a pizza is $16, is there a shortage or a

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Figure (3.13) illustrates the market for pizza.

a. Label the curves. If the price of a pizza is $16, is there a shortage or a surplus and does the price rise or fall? b. If the price of a pizza is $12, is there a shortage or a surplus and does the price rise or fall?

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