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:
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Q202: The price of mozzarella cheese, which is
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Q204: When there is an excess supply of
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