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

question 48

Multiple Choice

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. In this market there will be an excess demand of 300 pizzas at a price of

• A) $6.
• B) $9.
• C) $12.
• D) $15.

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Definitions:

Human Resources

A business function and department responsible for managing employment-related aspects, including hiring, training, compensation, and employee relations.

Corporate Strategy

The overall scope and direction of a corporation and the way in which its various business operations work together to achieve particular goals.

Organizational Strategy

A plan of action designed to achieve long-term or overall aims and objectives of an organization, shaping how resources are allocated to meet these goals.

Systems Perspective

A way of understanding and analyzing complex entities by examining them as coherent systems composed of interconnected and interdependent parts.