Refer to the information provided in Table 3.1 below to answer the question(s) that follow.
Table 3.1Price per PizzaQuantity Demanded (Pizzas per Month)Quantity Supplied (Pizzas per Month)$31,200 600 61,000 700 9 800 80012 600 90015 4001,000Refer to Table 3.1. This market will be in equilibrium if the price per pizza is
A. $6.
B. $9.
C. $12.
D. $15.
Answer: B
You might also like to view...
As the capital-labor ratio increases, investment per worker
A) increases at an increasing rate. B) decreases at a constant rate. C) increases at a decreasing rate. D) decreases at an increasing rate.
People who often create benefits for the minority and impose the cost on the majority are called:
a. fair-interest groups. b. encounter groups. c. laissez-faire groups. d. special-interest groups.
Superhighways, public housing facilities, and defense projects are all ways that the President can:
a. close a recessionary gap b. close an inflationary gap c. combat inflation d. raise unemployment e. reverse the paradox of thrift
A ______ percent decrease in price of a good and a ______ percent increase in demand of another good equals a cross-price elasticity of demand of –3.
a. –6; +12 b. –9; +36 c. –6; +18 d. –9; +18