The market for pizza has the following demand and supply schedule. P Quantity Demanded Quantity Supplied $4
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Question:
The market for pizza has the following demand and supply schedule.
P Quantity Demanded Quantity Supplied
$4 135 pizzas 26 pizzas
$5 104 53
$6 81 81
$7 68 98
$8 53 110
$9 39 121
If the actual price in the market is $9, do we have a surplus or shortage in the market? By how much?
Group of answer choices
We have neither a shortage nor a surplus at this price.
a surplus of 57 pizzas
a surplus of 82 pizzas
a shortage of 51 pizzas
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