QUESTION 34 is where quantity supplied and quantity demanded

QUESTION 34 is where quantity supplied and quantity demanded are equal. QUESTION 35 When quantity supplied exceeds the quantity demanded, a exists in the market QUESTION 36 Mary was willing to pay $20 for a pizza. She was able to buy the pizza for $19

Solution

Q.34
Equilibrium price is where quantity demanded and supplied intersects

Q.35
Qs>Qd = Surplus

Q.36
Consumer surplus = 20-19 = $1

Q.37
Deadweight loss