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

question 238

Multiple Choice

Refer to the information provided in Table 3.2 below to answer the question(s) that follow.
Table 3.2
$$\begin{array} { | c | c | c | } \hline \begin{array} { c } \text { Price per } \\\text { Cheeseburger }\end{array} & \begin{array} { c } \text { Quantity Demanded } \\\text { (Cheeseburgers per } \\\text { Month) }\end{array} & \begin{array} { c } \text { Quantity Supplied } \\\text { (Cheeseburgers per } \\\text { Month) }\end{array} \\\hline \$ 5 & 1,500 & 500 \\\hline 6 & 1,200 & 700 \\\hline 7 & 900 & 900 \\\hline 8 & 600 & 1,100 \\\hline 9 & 300 & 1,300 \\\hline\end{array}$$
-Refer to Table 3.2. In this market there will be an excess demand of 500 cheeseburgers at a price of

• A) $5.
• B) $6.
• C) $7.
• D) $8.

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Definitions:

Southerners

Refers to inhabitants of the Southern United States, historically associated with specific cultural, social, and economic traits.

Thomas Paine

An influential English-born writer and philosopher known for his works "Common Sense" and "The American Crisis," which advocated for American independence.

Common Sense

A pamphlet anonymously written by Thomas Paine in January 1776 that attacked the English principles of hereditary rule and monarchical government.