Create the demand and supply curve for pizza using the figures
home / homework help / questions and answers / business / economics / create the demand and supply c Show more home / homework help / questions and answers / business / economics / create the demand and supply curve for pizza using Question Create the demand and supply curve for pizza using the figures in the table below. Then answer the below questions: SUPPLY OF AND DEMAND FOR PIZZA Price Quantity Demanded Quantity Supplied $15 100 300 $12 160 240 $9 180 220 $8 240 160 $5 300 100 $2 360 40 Free 400 10 A. What is the equilibrium price of pizza? B. What is the equilibrium quantity of pizza? C. If all suppliers held out for a price of $12.00 would there be a surplus or shortage and how many pizzas would be in excess or shortage? D. If government set a legal maximum price of $8.00 will there be a surplus or shortage and how many pizzas would be short or in excess? E. Is the pizza really free for the buyer when the price of the pizza is free? F. If there is a trend to eat more healthy food what will happen to the price and sales of pizza based on this information alone. Show less
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