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 quantity of pizzas supplied per month is
A. 700.
B. 750.
C. 800.
D. 900.
Answer: C
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The basic economic issue concerning the FOR WHOM question is specifically interpreted to mean, who:
A.) Gets the available jobs. B.) Gets to consume the goods and services that are produced. C.) Inherits the accumulated wealth in the economy. D.) Produces the goods and services.
A measure of how much the coefficient would vary in regressions based on different samples is called:
A) standard error of the estimated coefficient. B) F-statistic. C) partial F-statistic. D) t-statistic.
Oligopoly is characterized by
A. some industries producing differentiated products. B. some industries producing identical products. C. few firms. D. all of the choices.
Dissaving means:
A. the same thing as disinvesting. B. that households are spending more than their current incomes. C. that saving and investment are equal. D. that disposable income is less than zero.