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Refer to the table below to answer the questions. Price per Pizza / Quantity Demanded(Pizzas per Month) / Quantity Supplied(Pizzas per Month) RM3 1,200 600

Refer to the table below to answer the questions.

Price per Pizza / Quantity Demanded(Pizzas per Month) / Quantity Supplied(Pizzas per Month)

RM3 1,200 600

6 1,000 700

9 800 800

12 600 900

15 400 1,000

2.1) If the price per pizza is RM12, what happen to the price and why? ____________

2.2) If the price per pizza is RM15, what happen to the market? _____________

2.3) If the price per pizza is RM6, what happen to the market? ____________

2.4) In this market there will be an excess demand of 300 pizzas at a price of _______

2.5) In this market there will be an excess supply of 300 pizzas at a price of ________

2.6) If the price per pizza is RM3, what happen to the price and why? ________________

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