Assume that we are looking at the local market for pizza. Assume that the equilibrium price is $20 and the equilibrium quantity is 1000. Which of the following options best describes what would happen to this market if a study was published that proved that pizza caused serious illness?

1. Supply would decrease causing a surplus situation.
2. Prices would then decline and this causes quantity supplied to increase and quantity demanded to decrease until the new equilibrium is reached at a lower price and lower quantities.
3. Demand would increase causing a surplus situation.
4. Prices would then decline and this causes quantity supplied to increase and quantity demanded to decrease until the new equilibrium is reached at a lower price and higher quantities.
5. Demand would decrease causing a surplus situation.
6. Prices would then decline and this causes quantity supplied to decrease and quantity demanded to increase until the new equilibrium is reached at a lower price and lower

5. Demand would decrease causing a surplus situation

6. Prices would then decline and this causes quantity supplied to decrease and quantity demanded to increase until the new equilibrium is reached at a lower price and lower

Explanation:

As a result of the study, demand would fall. People would not want to fall ill as a result of consuming pizza so they would reduce demand. The reduction in demand would shift the demand curve to the left. As a result supply would be greater than demand and a surplus would exist.

Equilibrium price would fall and quantity would fall.

I hope my answer helps you

don't be her freind because that peson is egnoring you so don't be her freind

1) the stages a new product goes through from beginning to end, i.e., the stages that a product passes through from introduction through growth, maturity, and decline. 2) the time from initial research and development to the time at which sales and support of the product to customers are withdrawn. 3) the period of time during which a product can be produced and marketed profitably.

                                          hope it