i need the answer quickly The following graph shows the market for pizas in Houston, where there are over 1,000 piza restaurants at any given moment. Suppose aninnovation in the baking process makes it possible to produce more pizzas at a lower cost than ever before.Show the effect of this change on the market for plzzas by shifting one or both of the curves on the following graph, holding all else constant.Note: Select and drag one or both of the curves to the desired position. Curves will snap into position, so if you try to move a curve and it snaps backto its original position, just drag it a little farther.SupplyDemandSupplyDemandQUANTITY (Pizzas)PRICE (Dolans per pizza)

Improvement in technology or any other place make things better and helps in reducing the cost…

Answered: The following graph shows the market…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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