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.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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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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