The graph shows the weekly market for pizzas in a small town. Use this graph to answer
Question:
The graph shows the weekly market for pizzas in a small town. Use this graph to answer Problem.
Graph:
What are the equilibrium price and quantity of pizzas?
Transcribed Image Text:
Price (S) 30아 25 20 15 10 5 D 50 100 150 200 250 300 Quantity of Pizzas
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 77% (9 reviews)
Graphically the equilibrium price and quantity are found at the point where the supply c...View the full answer
Answered By
Vikash Gupta
I am graduated in Physics in 2018, from KIRORIMAL COLLEGE, University of Delhi. Now I am persuing Master's degree in physics. I like to do physics problems. I have experience of 1 year in tutoring. I think Physics is the only subject where you understand things,how they are happening . In physics you learn Maths and apply it. So I would like to join your platform to solve many Physics problems.
5.00+
5+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Which of the following events will occur at a price of $10? a. Equilibrium. b. Excess demand. c. Excess supply. d. No pizzas supplied. e. No pizzas demanded. The graph shows the weekly market for...
-
Which of the following events will occur at a price of $20? a. Equilibrium. b. Excess demand. c. Excess supply. d. No pizzas supplied. e. No pizzas demanded. The graph shows the weekly market for...
-
The following graph shows the market for pollution rights. a. If there are no restrictions on pollution, what amount is discharged? b. What is the quantity supplied and the quantity demanded if the...
-
1. If net profit is $47,025; depreciation is $2,200; accounts receivable increases $5,056; accounts payable increases $4,673; and inventory declines $850; what is the operating cash flow for the...
-
Southern Amusements Corporation had the following stockholders' equity on November 30: On December 30, Southern purchased 200 shares of treasury stock at $15 per share. Requirements 1. Journalize the...
-
The velocity of a particle in a gas is a random variable V with probability distribution f V (v) = av 2 e bv v > 0 where b is a constant that depends on the temperature of the gas and the mass of the...
-
In a survey of U.S. adults, 19% said that they have participated in a clinical trial. You randomly select 200 U.S. adults. Find the probability that the number who have participated in a clinical...
-
Inventoriable Costs Presented below is a list of items that may or may not be reported as inventory in a companys December 31 balance sheet. 1. Goods sold on an installment basis (bad debts can be...
-
On 1 January 2020, Fun Ltd acquired 60% of the ordinary voting shares of Plex Ltd for a cash payment of $500,000. At the date of acquisition, the fair value of Plex Ltd's identifiable assets and...
-
Figure 9.29 shows a system in which methyl alcohol at 77°F flows outside the three tubes while ethyl alcohol at 0°F flows inside the tubes. Compute the volume flow rate of each fluid required...
-
If a decrease in the price of laptops causes the demand for tablets to increase, are laptops and tablets substitutes or complements?
-
You are advising a coffee shop manager who wants to estimate how much sales will change if the price of a latte rises. You tell him that he should measure the change in sales using the percentage...
-
Sales records indicate that if Blu-ray players are priced at $250, then a large store sells an average of 12 units per day. If they are priced at $200, then the store sells an average of 15 units per...
-
Which of the following control activities would most likely allow for a reduction in the scope of the auditor's tests of depreciation expense? a. Review and approval of the periodic equipment...
-
Describe two of the Help features available in QuickBooks Accountant.
-
List the four basic features of QuickBooks Accountant.
-
Poor forecasting can lead to lost sales, stock markdowns and large inventories. Through the use of examples to illustrate your answer, justify this statement.
-
Identify each of the following accounts as: Asset (A), Liability (L), or Ow Equity (OE). a. Accounts Payable b. Cash c. M. Abbas, Capital d. Accounts Receivable e. Rent Expense f. Service Revenue g....
-
On November 30, Palmer Party Planners had a $41,000 balance in Accounts Receivable and a $3,584 credit balance in Allowance for Uncollectible Accounts. During December, Palmer made credit sales of...
-
For the given transfer function: Vo(s) / Vi(s) = (s^2C^2R^2 + 1) / (s^2C^2R^2 + 4sCR + 1) Assumiing that 1/(CR) = 120 PI so write the matlab code to find the magnitude plot
-
For each of the following examples, state which of these approaches is being taken to manage a common resource or supply a public good: social norms, quota, tradable allowance, government provision,...
-
Public-opinion polls in a small city have revealed that citizens want more resources spent on public safety, an annual fireworks display, and more community swimming pools. Which of these three...
-
Determine whether each of the following policy interventions is designed to increase supply or decrease demand for a public good or common resource. a. A city government increases the frequency of...
-
The connotation for spin and rhetoric is negative. O True O False
-
Some advantages of obtaining control by acquiring a controlling interest in stock include all but: O The cost may be lower since only a controlling interest in the assets, not the total assets, is...
-
3. Courts like the concept of strict performance and will generally require the exact performance specified in large complicated contracts. 1) True 2) False
Study smarter with the SolutionInn App