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:

Liability

An obligation of an entity arising from past transactions or events, the settlement of which is expected to result in an outflow of resources embodying economic benefits.

Date Of Record

The specific date set by a company on which the shareholders of record are entitled to receive dividends or other distributions.

Dividend Payment Date

The specific date on which a company's dividend payment is to be made to shareholders of record.

Dividend Yield

A financial ratio that shows how much a company pays out in dividends each year relative to its share price.