a) Suppose that the demand for pizzas were to increase by 15 pizzas per week. Show the new demand curve, in the graph below. Plot the two end points using the tool provided in the graphing area below. Plot only the end points of the curve and position those points on the edge of the graphing area. Price (S) 32 Tools 28 Demand 24 20 16 12 4 5 10 15 20 25 30 35 40 45 50 55 60 Number of pizzas (per week) b) If the price stays at the old equilibrium, there would be a Ehortage 15 pizzas. b) If the price stays at the old equilibrium, there would be a shortage 15 pizzas. c) What would be the new equilibrium price and quantity? New equilibrium price: $ New equilibrium quantity:
a) Suppose that the demand for pizzas were to increase by 15 pizzas per week. Show the new demand curve, in the graph below. Plot the two end points using the tool provided in the graphing area below. Plot only the end points of the curve and position those points on the edge of the graphing area. Price (S) 32 Tools 28 Demand 24 20 16 12 4 5 10 15 20 25 30 35 40 45 50 55 60 Number of pizzas (per week) b) If the price stays at the old equilibrium, there would be a Ehortage 15 pizzas. b) If the price stays at the old equilibrium, there would be a shortage 15 pizzas. c) What would be the new equilibrium price and quantity? New equilibrium price: $ New equilibrium quantity:
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
Please help with Part C and explain how than you
![a) Suppose that the demand for pizzas were to increase by 15 pizzas per week. Show the new demand curve, in the graph below.
Plot the two end points using the tool provided in the graphing area below. Plot only the end points of the curve and position those
points on the edge of the graphing area.
Price (S)
32
Tools
D
28
Demand
24
20
16
12
4
5 10 15 20 25 30 35 40 45 50 55 60
Number of pizzas (per week)
b) if the price stays at the old equilibrium, there would be a shortage
15 pizzas.
b) If the price stays at the old equilibrium, there would be a shortage
15 pizzas.
c) What would be the new equilibrium price and quantity?
New equilibrium price: $[
New equilibrium quantity: [](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ff53eb250-5103-433f-a882-915aa4d88212%2F3d94cf90-54c4-45ce-b8fc-faf330ecddc9%2Fx58o3uh_processed.png&w=3840&q=75)
Transcribed Image Text:a) Suppose that the demand for pizzas were to increase by 15 pizzas per week. Show the new demand curve, in the graph below.
Plot the two end points using the tool provided in the graphing area below. Plot only the end points of the curve and position those
points on the edge of the graphing area.
Price (S)
32
Tools
D
28
Demand
24
20
16
12
4
5 10 15 20 25 30 35 40 45 50 55 60
Number of pizzas (per week)
b) if the price stays at the old equilibrium, there would be a shortage
15 pizzas.
b) If the price stays at the old equilibrium, there would be a shortage
15 pizzas.
c) What would be the new equilibrium price and quantity?
New equilibrium price: $[
New equilibrium quantity: [
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