Refer to the information provided in Table 3.1 below to answer the question(s) that follow.
Table 3.1
$$\begin{array} { | c | c | c | }
\hline \text { Price per Pizza } & \begin{array} { c }
\text { Quantity Demanded } \
\text { (Pizzas per Month) }
\end{array} & \begin{array} { c }
\text { Quantity Supplied } \
\text { (Pizzas per Month) }
\end{array} \
\hline \$ 3 & 1,200 & 600 \
\hline 6 & 1,000 & 700 \
\hline 9 & 800 & 800 \
\hline 12 & 600 & 900 \
\hline 15 & 400 & 1,000 \
\hline
\end{array}$$
-Refer to Table 3.1. If the price per pizza is greater than $15, there would most likely be a(n)

Question

Refer to the information provided in Table 3.1 below to answer the question(s) that follow.
Table 3.1
 $$\begin{array} { | c | c | c | } 
\hline \text { Price per Pizza } & \begin{array} { c } 
\text { Quantity Demanded } \
\text { (Pizzas per Month) }
\end{array} & \begin{array} { c } 
\text { Quantity Supplied } \
\text { (Pizzas per Month) }
\end{array} \
\hline \$ 3 & 1,200 & 600 \
\hline 6 & 1,000 & 700 \
\hline 9 & 800 & 800 \
\hline 12 & 600 & 900 \
\hline 15 & 400 & 1,000 \
\hline
\end{array}$$
-Refer to Table 3.1. If the price per pizza is greater than $15, there would most likely be a(n)

Quizplus · Accepted Answer

Based on the table, as the price increases, the quantity demanded decreases and the quantity supplied increases. If the price per pizza is greater than $15, the quantity demanded would be less than 400 units (since it decreases as price increases), and the quantity supplied would be more than 1,000 units (since it increases as price increases), leading to an excess supply of more than 600 units.

Refer to the Information Provided in Table 3 -Refer to Table 3