Refer to the information provided in Table 3.2 below to answer the question(s) that follow.Table 3.2Price per CheeseburgerQuantity Demanded (Cheeseburgers per Month)Quantity Supplied (Cheeseburgers per Month)$51,500 500 61,200 700 7 900 900 8 6001,100 9 3001,300Refer to Table 3.2. If the price per cheeseburger is $6, the price will
A. remain constant because the market is in equilibrium.
B. decrease 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 demand in the market.
Answer: C
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Limits on a country's ability to use aid effectively are referred to as its
a. absorptive capacity b. bilateral aid c. conditionality d. grant element e. none of the above
In 2013, the percentage of health care expenditures paid out-of-pocket was
A. 6.9. B. 8.3. C. 12. D. 1.5.
Economic growth is:
A. about the quality of life for all sectors of society. B. an indicator of individual poverty. C. a measurement of available resources. D. the measure of changes in real GDP.
Where is the monopoly supply curve located?
a. above the marginal revenue curve b. below the marginal revenue curve c. to the right of the marginal cost curve d. coincident with the marginal cost curve e. there is no monopoly supply curve