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

question 300

Multiple Choice

Refer to the information provided in Table 3.2 below to answer the question(s) that follow.
Table 3.2
$$\begin{array} { | c | c | c | } \hline \begin{array} { c } \text { Price per } \\\text { Cheeseburger }\end{array} & \begin{array} { c } \text { Quantity Demanded } \\\text { (Cheeseburgers per } \\\text { Month) }\end{array} & \begin{array} { c } \text { Quantity Supplied } \\\text { (Cheeseburgers per } \\\text { Month) }\end{array} \\\hline \$ 5 & 1,500 & 500 \\\hline 6 & 1,200 & 700 \\\hline 7 & 900 & 900 \\\hline 8 & 600 & 1,100 \\\hline 9 & 300 & 1,300 \\\hline\end{array}$$
-Refer to Table 3.2. If the price per cheeseburger is $6, the price will

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

---

Definitions:

Capital

Economic resources that are used by firms to produce goods or services, including buildings, machinery, and equipment.

Capitalist Country

A country that operates on the economic system of capitalism, where private individuals own the means of production and operate for profit.

Resources

The assets, materials, and inputs used to produce goods and services, including natural resources, human talent, and capital.

Fascism

A political ideology characterized by authoritarian power, dictatorial leadership, and the suppression of democratic institutions and societal opposition.