Table 2: Market Data Market Quantity Quantity Prices Supplied Demanded (P) ( Qs) ( Qd) $5.00 13 $6.00 10 $7.00 7 7 $8.00 6. 4 $9.00 11 1 Refer to Table 2 for a free and competitive market of Pizza. At the market price of $8.00, there will be a and prices tend to move respectively. O surplus; up O surplus; down

Table 2: Market Data Market Quantity Quantity Prices Supplied Demanded (P) ( Qs) ( Qd) $5.00 13 $6.00 10 $7.00 7 7 $8.00 6. 4 $9.00 11 1 Refer to Table 2 for a free and competitive market of Pizza. At the market price of $8.00, there will be a and prices tend to move respectively. O surplus; up O surplus; down

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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