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Business, 11.02.2020 23:56 lionessny6301

In a simple graphical model of the supply and demand for pizza with the price of pizza measured vertically and the quantity of pizza measured horizontally:

1. the demand curve slopes upward and to the right.
2. the supply curve slopes upward and to the right.
3. at the equilibrium price, the supply of pizza exceeds the demand for pizza.
4. the supply curve slopes downward and to the right.

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