Refer to the information provided in Table 3.2 below to answer the question(s) that follow.
Refer to Table 3.2. If the price per cheeseburger is $7, the price will
◦ remain constant because the market is in equilibrium.
◦ increase because there is an excess demand in the market.
◦ increase because there is an excess supply in the market.
◦ decrease because there is an excess supply in the market.