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QUESTION 9 Refer to the information provided in Table 3.1 below to answer the question(s) that follow. Table 3.1 Price per Pizza $3 6 9 12 15 Quantity Demanded (Pizzas per Month) 1,200 1,000 800 600 400 Quantity Supplied (Pizzas per Month) 600 700 800 900 1,000 Refer to Table 3.1. If the price per pizza is greater than $15, there would most likely be a(n) quantity demanded of more than 400 units. excess supply of more than 600 units. excess demand of less than 400 units. quantity supplied of less than 1,000 units.

QUESTION 9 Refer to the information provided in Table 3.1 below to answer the question(s) that follow. Table 3.1 Price per Pizza $3 6 9 12 15 Quantity Demanded (Pizzas per Month) 1,200 1,000 800 600 400 Quantity Supplied (Pizzas per Month) 600 700 800 900 1,000 Refer to Table 3.1. If the price per pizza is greater than $15, there would most likely be a(n) quantity demanded of more than 400 units. excess supply of more than 600 units. excess demand of less than 400 units. quantity supplied of less than 1,000 units.

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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QUESTION 9 Refer to the information provided in Table 3.1 below to answer the question(s) that follow. Table 3.1 Price per Pizza $3 6 9 12 15 Quantity Demanded (Pizzas per Month) 1,200 1,000 800 600 400 Quantity Supplied (Pizzas per Month) 600 700 800 900 1,000 Refer to Table 3.1. If the price per pizza is greater than $15, there would most likely be a(n) quantity demanded of more than 400 units. excess supply of more than 600 units. excess demand of less than 400 units. quantity supplied of less than 1,000 units.
Transcribed Image Text:QUESTION 9 Refer to the information provided in Table 3.1 below to answer the question(s) that follow. Table 3.1 Price per Pizza $3 6 9 12 15 Quantity Demanded (Pizzas per Month) 1,200 1,000 800 600 400 Quantity Supplied (Pizzas per Month) 600 700 800 900 1,000 Refer to Table 3.1. If the price per pizza is greater than $15, there would most likely be a(n) quantity demanded of more than 400 units. excess supply of more than 600 units. excess demand of less than 400 units. quantity supplied of less than 1,000 units.
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