Multiple Choice
Refer to the information provided in Table 3.1 below to answer the question(s) that follow.
Table 3.1
-Refer to Table 3.1. If the price per pizza is $6, the price will
A) remain constant because the market is in equilibrium.
B) increase because there is an excess supply in the market.
C) increase because there is an excess demand in the market.
D) decrease because there is an excess supply in the market.
Correct Answer:

Verified
Correct Answer:
Verified
Q47: According to the law of supply, there
Q48: Refer to the information provided in
Q49: A good whose demand is inversely related
Q50: If the market for bluetooth headsets is
Q51: If demand is represented as Q<sub>d</sub> =
Q53: Factors of production are traded in the
Q54: Resources are exchanged in _ markets.<br>A) product<br>B)
Q55: Refer to the information provided in Figure
Q56: In college you could barely afford to
Q57: Refer to the information provided in Figure