If the price of a pizza is 12 is there a shortage or a


Question: a. If the price of a pizza is $12, is there a shortage or a surplus and does the price rise or fall?

b. Buyers want to pay the lowest possible price, so why would they be willing to pay more than $12 for a pizza?

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Microeconomics: If the price of a pizza is 12 is there a shortage or a
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