Table 44 -Refer to the Market Schedules for Pizza in Table 4

question 31

Multiple Choice

Table 4.4
$$\begin{array}{l}\text { Table } 4.4\\\begin{array} { | l | l | l | } \hline \begin{array} { l } \text { Price per Pizza } \\( \$ ) \end{array} & \begin{array} { l } \text { Quantity Demanded per Week } \\\text { (millions) }\end{array} & \begin{array} { l } \text { Quantity Supplied per Week } \\\text { (millions) }\end{array} \\\hline 10 & 10 & 30 \\\hline 8 & 15 & 25 \\\hline 6 & 20 & 20 \\\hline 4 & 25 & 15 \\\hline 2 & 30 & 10 \\\hline\end{array}\end{array}$$
-Refer to the market schedules for pizza in Table 4.4. If the price rises to $10, what will happen?

• A) There will be a shortage of 20 million pizzas and the price will fall.
• B) There will be a shortage of 20 million pizzas and the price will rise.
• C) There will be a surplus of 20 million pizzas and the price will rise.
• D) There will be a surplus of 20 million pizzas and the price will fall.
• E) There will be equilibrium and the price will remain the same.

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Definitions:

Humanism

An approach in psychology that emphasizes empathy and stresses the good in human behavior.

Mental Processes

Internal cognitive operations that enable consciousness, perception, thinking, judgement, and memory, allowing humans to interpret and interact with the world around them.

Cognitive Perspective

A psychological approach that focuses on the mental processes involved in knowing, including thinking, memory, problem-solving, and language.

Gestalt Psychologists

Psychologists who study how people integrate and perceive sensory information into meaningful wholes, emphasizing the importance of context and the whole pattern over the sum of its parts.