True or False: If the actual price in this market were below the equilibrium price, suppliers could raise the price without losing sales. 0 True 0 False 3 . Ch. 4 Problems and Applications Q8 The market for pizza has the following demand and supply schedules: Price Quantity Demanded Quantity Supplied ( Dollars) (Pizzas) ( Pizzas) 4 135 15 5 115 50 6 100 75 90 90 CO 60 100 45 105Use the blue points (circle symbol) to graph the demand for pizzas. Then use the orange points (square symbol) to graph the supply of pizza. Finally, use the black point (plus symbol) to indicate the equilibrium price and quantity in this market. 10 O 9 Demand CO 6 Supply 5 Price of Pizzas Equilibrium 2 15 30 45 60 75 90 105 120 135 150 Quantity of Pizzas If the actual price in this market were above the equilibrium price, quantity supplied would be than quantity demanded, so there would be pressure on prices