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Table 4.4 Price per Pizza Quantity Demanded per Week ($) Quantity Supplied per Week (millions) (millions) 10 10 30 8 15 25 6 20 20

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Table 4.4 Price per Pizza Quantity Demanded per Week ($) Quantity Supplied per Week (millions) (millions) 10 10 30 8 15 25 6 20 20 4 25 15 2 30 10 Refer to the market schedules for pizza in Table 4.4. If the price rises to $10, what will happen? a. There will be a shortage of 20 million pizzas and the price will fall. O b. There will be a shortage of 20 million pizzas and the price will rise. O c. There will be equilibrium and the price will remain the same. O d. There will be a surplus of 20 million pizzas and the price will rise. O e. There will be a surplus of 20 million pizzas and the price will fall

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