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

question 5

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 falls from $15 to $6, what is the change in quantity supplied in the pizza market?

• A) stays the same at 28 million pizzas
• B) increases to 28 million pizzas
• C) decreases by 28 million pizzas
• D) increases by 12 million pizzas
• E) decreases by 12 million pizzas

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Definitions:

Firm's Costs

The total expenses incurred by a company in the process of producing and selling goods or services.

Discrimination

The unfair or biased treatment towards various groups of individuals, particularly based on their race, age, or gender.

Compensating Differentials

Wage differentials that arise to compensate workers for the desirability or undesirability of a job, its demands, or other non-monetary aspects.

Human Capital

The collective skills, knowledge, and experience possessed by an individual or population, viewed in terms of their value to an organization or country.