Refer to the Information Provided in Table 3 -Refer to Table 3

question 155

Multiple Choice

Refer to the information provided in Table 3.1 below to answer the question(s) that follow.
Table 3.1
$$\begin{array} { | c | c | c | } \hline \text { Price per Pizza } & \begin{array} { c } \text { Quantity Demanded } \\\text { (Pizzas per Month) }\end{array} & \begin{array} { c } \text { Quantity Supplied } \\\text { (Pizzas per Month) }\end{array} \\\hline \$ 3 & 1,200 & 600 \\\hline 6 & 1,000 & 700 \\\hline 9 & 800 & 800 \\\hline 12 & 600 & 900 \\\hline 15 & 400 & 1,000 \\\hline\end{array}$$
-Refer to Table 3.1. If the price per pizza is $3, the price will

• A) remain constant because the market is in equilibrium.
• B) increase because there is an excess demand in the market.
• C) increase because there is an excess supply in the market.
• D) decrease because there is an excess supply in the market.

---

Definitions:

Lines Of Command

Refers to the hierarchical structure within an organization that dictates authority, responsibility, and communication flow.

Formal

Pertaining to or following established, traditional rules or principles, often in relation to events, clothing, or language.

Etiquette

The expected norms of behavior in a particular situation.

Norms Of Behavior

Accepted standards or expectations that govern the conduct of individuals within a society or group.