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

question 170

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 supply of 600 pizzas at a price of

• A) $3.
• B) $6.
• C) $12.
• D) $15.

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Definitions:

October

The tenth month of the year in the Gregorian calendar, often associated with the autumn season in the Northern hemisphere and spring in the Southern hemisphere.

Government Policy

Decisions and actions taken by a government to achieve certain goals, which can relate to domestic or international issues, including economy, health, defense, and environment.

Petrograd

The name given to the city of Saint Petersburg, Russia, between 1914 and 1924, especially noted during the Russian Revolution.

Food Shortages

A situation in which the supply of food is insufficient to meet the demand, often resulting in hunger, malnutrition, and increased food prices.