Refer to the information provided in Table 3.2 below to answer the question(s) that follow.
Table 3.2
-Refer to Table 3.2. If the price per cheeseburger is $8, the price will
A) remain constant because the market is in equilibrium.
B) decrease because there is an excess demand in the market.
C) increase because there is an excess supply in the market.
D) decrease because there is an excess supply in the market.
Correct Answer:
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