Refer to Table 3.1. If the price per pizza is greater than $15, there would most likely be a(n)

A) excess supply of more than 600 units.
B) quantity supplied of less than 1,000 units.
C) excess demand of less than 400 units.
D) quantity demanded of more than 400 units.

Excess Supply

A situation where the quantity of a good or service supplied in a market exceeds the quantity demanded at the current price.

Quantity Supplied

The amount of a commodity that producers are willing to sell at a particular price over a specified period.

Quantity Demanded

The total amount of a product that consumers are willing and able to purchase at a given price, at a specific time.