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

question 200

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 increases from $6 to $15, 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:

Market Leader

A company with the highest sales or market share in a particular market.

Reciprocal Dealing Agreement

An agreement between two parties where each agrees to purchase goods or services from the other, often used to strengthen business relationships.

Exclusive Dealing

An arrangement where a retailer or distributor is restricted to purchasing or selling the products of one supplier.

Wholly Owned

A company or entity that is 100% owned by another company or individual.