Table 42 -Refer to the Market Supply Schedule for Pizza in Table

question 180

Multiple Choice

Table 4.2
$$\begin{array}{l}\text { Table } 4.2\\\begin{array} { | l | l | } \hline \begin{array} { l } \text { Price per Pizza } \\( \$ ) \end{array} & \begin{array} { l } \text { Quantity Supplied per Week } \\\text { (millions) }\end{array} \\\hline 15 & 28 \\\hline 12 & 24 \\\hline 9 & 20 \\\hline 6 & 16 \\\hline 3 & 12 \\\hline\end{array}\end{array}$$
-Refer to the market supply schedule for pizza in Table 4.2. When the price is $6, what is the quantity supplied in the pizza market?

• A) 28 million pizzas
• B) 24 million pizzas
• C) 20 million pizzas
• D) 16 million pizzas
• E) 12 million pizzas

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Definitions:

Straight-line Method

A depreciation method that allocates an equal amount of the asset's cost to each year of its useful life.

Market Rate

The prevailing interest rate available in the overall financial market for securities or loans of a similar risk and maturity profile.

Annual Interest

The total amount of interest payable on a loan, bond, or other financial instrument over the course of a year.

Market Rate

The current interest rate offered in the market for instruments with similar risk and maturity levels.