Demand and Supply Schedule for a Slice of Pizza Price of a Slice of Pizza Quantity Demanded (P) Quantity Supplied QD QS $0.50 300 100 $1.00 250 150 $1.50 200 200 $2.00 150 250 $2.50 100 300 $3.00 50 350 To do: 1. Graph the market (Demand and Supply lines). 2. What is the equilibrium point (price and quantity)? How important is this point? Explain 3. What state will be on the market if the price is $ 1.00? Explain 4. What state will be on the market if the price is $2.50? Explain 5. Find the equations of the demand and supply lines? Show the steps of your calculation. 6. Solve the demand and supply equations to find the equilibrium point