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Suppose that the demand and supply for pizza are given by the following equations: QD=400- 20P QS=100+ 10P Give all your answers to the nearest
Suppose that the demand and supply for pizza are given by the following equations:
QD=400- 20P
QS=100+ 10P
Give all your answers to the nearest whole number.
a. The equilibrium price is $, and the equilibrium quantity is.
b. If the price is $15, there is a
ofpizzas.
c. If the price is $5, there is a
ofpizzas.
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