When the price of cheeseburgers is equal to $6, the quantity demanded of cheeseburger is equal to 1,200 and the quantity supplied is equal to 700. The price per cheeseburger 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.

Question

21-03-2022
Business

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When the price of cheeseburgers is equal to $6, the quantity demanded of cheeseburger is equal to 1,200 and the quantity supplied is equal to 700. The price per cheeseburger 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.

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topeadeniran2 topeadeniran2 · Answer 1 · 2022-03-29T11:25:40+02:00

The quantity supplied of cheeseburger is less than the quantity demanded. Therefore, the price will C. increase because there is an excess demand in the market.

What is supply?

Supply simply means the number or goods and services that a supplier is willing to sell at a particular price and time.

In this case, the quantity supplied of cheeseburger is less than the quantity demanded. Therefore, the price will increase.

Learn more about supply on:

https://brainly.com/question/26430220