Suppose the market demand for pizza is given by Q = 300 – 20P The market supply for pizza is given by Q = 20P - 100, where P = price (per pizza). Given the supply and demand equations given above complete the following table. Price (per pizza) Quantity Demanded (Q,) Quantity Supplied (Q) $5.00 200 10.00 100 100 15.00 200 In equilibrium, pizzas would be sold at a price of S per pizza
Suppose the market demand for pizza is given by Q = 300 – 20P The market supply for pizza is given by Q = 20P - 100, where P = price (per pizza). Given the supply and demand equations given above complete the following table. Price (per pizza) Quantity Demanded (Q,) Quantity Supplied (Q) $5.00 200 10.00 100 100 15.00 200 In equilibrium, pizzas would be sold at a price of S per pizza
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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