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Question 3: A market research team has come up with the demand and supply schedules for pizza in VaValand. These schedules are given in the
Question 3: A market research team has come up with the demand and supply schedules for pizza in VaValand. These schedules are given in the table below. Priee Quantity demanded Quantity supplied (Pizzas per day) (Pizzas per day) 5 650 200 _-m_ a} Draw and full}' label a diagram for the market of pizza in VaVaLand. What are the equilibrium price and quantity? b) The market research report also includes recent news published in the VaValand Newspaper. The research reports that pizzas have been discovered to help prevent memory loss. Also, due to covid-lQ, the price of Mozzarella cheese (which is an ingredient to make pizza) has gone up by 20%. With help from diagrams, explain what would happen to the market for pizza in VaValand
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