Sample response: John's prices are too high. This is causing excess supply: John's workers can make many pizzas, but at these high prices, consumers are only demanding a small amount. If the price per slice decreased, consumers would demand more of John's pizza. This means that business would move toward a point of equilibrium, where supply matches demand at the appropriate price. What did you include in your response? Check all that apply.John’s prices per slice are too high.John is experiencin
A
John’s prices per slice are too high.B
John is experiencing excess supply.C
John should lower his price to reach equilibrium.D
Demand is lower than supply at that price.