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Table 3-B -Refer to Table 3-B

Question 251

Multiple Choice

Table 3-B
 PRICE per laree pepperani  pizza  QUANTITY DEMANDED  of large pepperoni pizzas  QUANTITY sUPPLIED  large pepperoni pizzas $101,000 urits 5,500 urits 92,000 urits 5,000 urits 83,000 urits 4,500 urits 74,000 urits 4,000 urits 65,000 urits 3,500 urits 5 6,000 urits 3,000 urits 47,000 urits 2,500 urits 3 8,000 urits 2,000 urits 29,000 urits 1,500 urits 110,000 urits 1,000 urits \begin{array} { | c | c | c | } \hline \begin{array} { c } \text { PRICE per laree pepperani } \\\text { pizza }\end{array} & \begin{array} { c } \text { QUANTITY DEMANDED } \\\text { of large pepperoni pizzas }\end{array} & \begin{array} { c } \text { QUANTITY sUPPLIED } \\\text { large pepperoni pizzas }\end{array} \\\hline \$ 10 & 1,000 \text { urits } & 5,500 \text { urits } \\\hline 9 & 2,000 \text { urits } & 5,000 \text { urits } \\\hline 8 & 3,000 \text { urits } & 4,500 \text { urits } \\\hline 7 & 4,000 \text { urits } & 4,000 \text { urits } \\\hline 6 & 5,000 \text { urits } & 3,500 \text { urits } \\\hline 5 & \text { 6,000 urits } & 3,000 \text { urits } \\\hline 4 & 7,000 \text { urits } & 2,500 \text { urits } \\\hline 3 & \text { 8,000 urits } & 2,000 \text { urits } \\\hline 2 & 9,000 \text { urits } & 1,500 \text { urits } \\\hline 1 & 10,000 \text { urits } & 1,000 \text { urits } \\\hline\end{array}
-Refer to Table 3-B.What is the equilibrium price in the example?


A) $9
B) $8
C) $7
D) $6
E) $5

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