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

question 184

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 1,000 cheeseburgers at a price of

• A) $5.
• B) $6.
• C) $8.
• D) $9.

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Definitions:

Persistence

The continued effort to do or achieve something despite difficulties, failure, or opposition.

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A combination of skills, knowledge, and abilities that are required to perform a job effectively.

Role Perceptions

An individual's view of how they are supposed to act in a given context or situation.

Natural Aptitudes

Inherent abilities or talents that individuals possess, which can influence their performance and skill development in different areas.