Economy, asked by addddityaa, 7 months ago

he market for pizza has the following demand and supply schedules:

Price | Quantity demanded | Quantity Supplied

$4 | 135 | pizzas 26

5 | 104 | 53

6 | 81 | 81

7 | 68 | 98

8 | 53 | 110

9 | 39 | 121

a. Graph the demand and supply curves. What is the equilibrium price and quantity in this market?

b. If the actual price in this market were above the equilibrium price what would drive the market toward the equilibrium?

c. If the actual price in this market were bellow the equilibrium price what would drive the market toward equilibrium?​

Answers

Answered by itzbindu
3

Answer:

Option C

hope it helps you mate...

Answered by lodhiyal16
4

Answer:

Explanation:

a. Graph the demand and supply curves. What is the equilibrium price and quantity in this market?

b. If the actual price in this market were above the equilibrium price what would drive the market toward the equilibrium?

= If the actual price is  above the equilibrium price ,then quantity supplied would exceed quantity demanded, so suppliers would reduce the price to gain sales . So, market go towards the equilibrium.

c. If the actual price in this market were bellow the equilibrium price what would drive the market toward equilibrium?

= If the actual price were below the equilibrium price ,then quantity demanded would exceed quantity supplied, so suppliers could raise the price without losing sales.

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