Answer Happy

Consider the supply and demand schedules for calzones at a local pizzeria. Use the information in the schedules to answer the five questions. Demand $10 $9 $8 $7 $6 $5 $4 $3 $2 $1 20 40 60 80 100 120 140 160 180 200 $1 $2 $3 $4 $5 $6 $7 $8 $9 $10 20 30 40 50 60 70 80 90 100 110 Price (P) Quantity (Q) Supply Price (P) Quantity (Q) What is the equilibrium price? At what price is there a shortage of 60 calzones? At what price is there a surplus of 60 calzones? At a price of $10, there is a surplus of how many calzones? equilibrium price: $ price for shortage of 60 calzones: $ price for surplus of 60 calzones: $
What is the equilibrium price? At what price is there a shortage of 60 calzones? At what price is there a surplus of 60 calzones? At a price of $10, there is a surplus of how many calzones? At a price of $7, there is a shortage of how many calzones? equilibrium price: $ price for shortage of 60 calzones: $ price for surplus of 60 calzones: $ surplus: shortage: calzones calzones