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Study Problem 2-5 (algo) a) Suppose that the demand for pizzas were to increase by 15 pizzas per week. Show the new demand curve, in
Study Problem 2-5 (algo) a) Suppose that the demand for pizzas were to increase by 15 pizzas per week. Show the new demand curve, in the graph below: Plot the two end points using the tool provided in the graphing area below. Plot only the end points of the curve and position those points on the edge of the graphing area. Price ($) S 32 Tools D 28 Demand 24 20CO 4 0 5 10 15 20 25 30 35 40 45 50 55 60 Number of pizzas (per week) Dok SK int b) If the price stays at the old equilibrium, there would be a surplus of pizzas. c) What would be the new equilibrium price and quantity? New equilibrium price: $ New equilibrium quantity
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