The Figure Above Shows the Supply Curve for Pizza and the Market

question 152

Multiple Choice

The figure above shows the supply curve for pizza and the market price of pizza.
-In the figure above,the total revenue from pizza per day is

• A) $60,000.
• B) $100,000.
• C) $40,000.
• D) $80,000.
• E) $50,000.

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Definitions:

Oil Imports

The purchasing of crude oil and petroleum products from foreign countries to meet domestic consumption and energy requirements.

Trade Deficit

A condition in which a nation buys more from foreign countries than it sells to them, leading to a deficit in the trade balance.

China

A country in East Asia, the world's most populous nation, with a significant impact on global economy and geopolitics.

Japan

An island country in East Asia, known for its rich culture, technological advancements, and strong economy.