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Table 3.2 Price per Cheeseburger Quantity Demanded (Cheeseburgers per Month) Quantity Supplied (Cheeseburgers per Month) $5 1,500 500 6 1,200 700 7 900 900 8
Table 3.2 Price per Cheeseburger Quantity Demanded (Cheeseburgers per Month) Quantity Supplied (Cheeseburgers per Month) $5 1,500 500 6 1,200 700 7 900 900 8 600 1,100 9 300 1,300 Refer to Table 3.2. If the price per cheeseburger is $6, the price will Group of answer choices decrease because there is an excess supply (surplus) in the market. decrease because there is an excess demand (shortage)in the market. remain constant because the market is in equilibrium. increase because there is an excess demand (shortage) in the market
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