Refer to Table 3.1. If the price per pizza is $12, there is an excess

A) demand of 400 pizzas.
B) demand of 600 pizzas.
C) supply of 300 pizzas.
D) supply of 900 pizzas.

Question

Refer to Table 3.1. If the price per pizza is $12, there is an excessA)  demand of 400 pizzas.B)  demand of 600 pizzas.C)  supply of 300 pizzas.D)  supply of 900 pizzas.

Jamaica Zuniga · Accepted Answer

Final Answer : C, Explanation :  At a price of $12 per pizza, the quantity demanded is 600 pizzas per month and the quantity supplied is 900 pizzas per month, resulting in an excess supply of 300 pizzas.

Refer to Table 3.1. If the price per pizza is $12, there is an excess

A) demand of 400 pizzas.
B) demand of 600 pizzas.
C) supply of 300 pizzas.
D) supply of 900 pizzas.

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Learning Objectives

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