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

question 279

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 supply of 1,000 cheeseburgers at a price of

• A) $5.
• B) $6.
• C) $7.
• D) $9.

---

Definitions:

Sensorimotor Stage

The first stage of Jean Piaget's theory of cognitive development, where infants from birth to approximately 2 years old understand the world through their sensory experiences and motor actions.

Formal Operational

A stage in Jean Piaget's theory of cognitive development, where individuals develop the ability to think abstractly, logically, and systematically.

Concrete Operational

A stage in Piaget's theory of cognitive development during which children begin to think logically about concrete events.

Preoperational

Refers to Piaget's stage of cognitive development in children aged 2 to 7, characterized by symbolic thinking, egocentrism, and a lack of logical operations.