How would I do this? 2. Suppose the market demand and supply for pizza is given by the following:Qa = 300 – 20PQs = 20P – 100a. Graph the supply and demand schedules for pizza using $5 through $15 as the value of P.b. In equilibrium, how many pizzas would be sold and at what price?C.What would happen if suppliers set the price of pizza at $15?d. Suppose the price of hamburgers, a substitute for pizza, doubles. This leads to a double of thedemand for pizza. Write the equation for the new market demand for pizza.e. Find the new equilibrium price and quantity of pizza.2) If a firm is producing where MR > MCNOV2MacBook Pro

Since you have posted a question with multiple sub- parts, we will solve first three subparts for you. To get remaining sub- part solved please repost the complete question and mention the sub- parts to be solved. Equilibrium price is the price at which quantity demanded equals quantity supplied and the market clears. a. For the given demand and supply equation, we can calculate the demand and supply schedule for prices from $5 through $15 as follows: Price ($) Quantity demanded Quantity Supplied 5 200 0 6 180 20 7 160 40 8 140 60 9 120 80 10 100 100 11 80 120 12 60 140 13 40 160 14 20 180 15 0 200 Using the above table we can graph the demand and supply schedule as follows:b. From the graph we can infer that we can infer that at price P= $10, quantity demanded equals quantity supplied which is equal to 100 units of pizza. Therefore in equilibrium, 100 pizzas would be sold at a price of $10. c. At prices above the equilibrium price, the quantity supplied exceeds the quantity demanded and there is a surplus of commodity in the market. If the supplier set the price of pizza at $15, quantity supplied would be 200 units and quantity demanded is zero. Therefore there will be a surplus of 200 pizzas (entire quantity supplied) in the market.