Suppose the market for pizzas is unregulated that is pizza, Ask an Expert

Economics

Suppose the market for pizzas is unregulated. That is, pizza prices are free to adjust based on the forces of supply and demand. If a surplus exists in the pizza market, then the current price must be _________ (higher or lower?) than the equilibrium price. For the market to reach equilibrium, you would expect________(sellers to offer lower prices, or buyers to offer higher prices, or persistent excess supply?)

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91995713

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