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

question 187

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. This market will be in equilibrium if the quantity of pizzas supplied per month is

• A) 700.
• B) 750.
• C) 800.
• D) 900.

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Definitions:

Firm's Level

Refers to the perspective or activities that are specific to a single business entity, as opposed to a sector or economy as a whole.

New Equipment

Assets purchased by firms for long-term use to aid in producing goods and services, often associated with capital investment.

Opportunity Cost

The act of losing potential rewards from other options upon the selection of a specific alternative.

Investment Line

A graphical representation showing the relationship between the level of investment and the rate of return or interest rate.