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: 80% (10 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...
-
Describe the steps you will take to help ensure that the team has a good balance between conformity and deviance and has a moderate level of cohesiveness.
-
Suggest a framework which you believe would analyse the viability of an Internet business model. LO.1
-
Gonzalvo Corporations balance sheet at the end of 2013 included the following items. The following information is available for 2014. 1. Treasury stock was purchased at a cost of $13,200. 2. Cash...
-
Assuming the revised amount and timing of cash flows for an investment can be reasonably determined, the expected loss impairment model uses which discount rate? * either the historical rate or the...
-
Bloomington has two hospitals. Hospital 1 has four ambulances, and hospital 2 has two ambulances. Ambulance service is deemed adequate if there is only a 10% chance that no ambulance will be...
-
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...
-
Consider a population consisting of the number of teachers per college at small 2-year colleges. Suppose that the number of teachers per college has an average = 175 and a standard deviation = 15....
-
Consider a rigid body B with center of mass point B*. A set of coordinate axes is chosen centered at B* and defined by mutually orthogonal unit vectors 61, 62, 63 which are fixed in B. The rigid body...
-
Let A be the matrix 1 0 2 4 1 -6 = 7-4 7 -5 3 (a) (2 points) What must a and b be in order to define the linear transformation T: RR by T(x) = Ax. (b) (3 points) What is the image of the vector 2] 1...
-
write a title Understanding the roots of modern educational practices can provide valuable insights into their effectiveness and potential for improvement. One such root influencing contemporary...
-
State the limit for each of the following using the graph. -6. -5 + -3- 3 -2 -2 0 2 -2- w. 3 4
-
Great Eastern Credit Union (GECU) has two operating departments (Branches and Electronic) and three service departments (Processing, Administration, and Maintenance). During July, the following costs...
-
Convert each decimal number to binary. 27
-
Consider a closed, rigid tank with a volume of 0.8L, filled with cold water initially at 27C. The tank is filled such that there are no voids (air pockets) within. The initial pressure within the...
-
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...
-
Pedro lives in Puerto Rico and had a net taxable income of $35,000 for the year 20X1. Your gross income totals $60,000. What is Pedro's regular income tax for 20X1? a.$4,620 b.$4,900 c.$2,318 d.$2,520
-
The change in cash is equal to the change in liabilities less the change in equity plus the change in noncash assets. O True False
-
Tom holds a 5-yr 10%-coupon bond, while his friend Jackson holds a 6- year 8%-coupon bond. They are both concerned about interest rate risk but they do not fully understand how it affects them. Can...
Study smarter with the SolutionInn App