Samples of points on the demand and supply curves of a pizza market are provided in Table 3.1. Graph the demand and supply curves for this market and find its equilibrium price and quantity.

Data from Table 3.1

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TABLE 3.1 Points along the Demand and Supply Curves of a Pizza Market Demand for Pizza Supply of Pizza Price ($/slice) Quantity demanded (1,000s of slices/day) Price ($/slice) Quantity supplied (1,000s of slices/day) 1 8 1 2 2 6 2 4 3 4 3 6 4 2 4 8 The points in the table are plotted in Figure 3.6 and then joined to indicate the supply and demand curves for this market. These curves intersect to yield an equilibrium price of $2.50 per slice and an equilibrium quantity of 5,000 slices per day.