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According to the graph at the equilibrium price how many slices of pizza will be sold

According to the graph at the equilibrium price how many slices of pizza will be sold-example-1
User Mike Lowen
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2 Answers

4 votes

Answer:

200

Step-by-step explanation:

that is where the point in the line meets

User Npatel
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1 vote

The correct answer is 200

Step-by-step explanation:

In economics, the equilibrium price is achieved when the supply (products available), and the demand (desire from consumers to buy the product) are in balance. This implies the price of the product is stable and favorable for both the consumers and the producers. Additionally, in graphs, the equilibrium price is the point in which the demand and supply intersect.

According to this, in the graph presented at the equilibrium price (intersection of the demand and supply lines) the number of slices of pizza that would be sold is 200 and the price per slice would be $1.50 because at this point the demand and supply are in equilibrium.

User Colin Godsey
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