Final answer:
Without the graph, we cannot determine the price per topping. The information provided does suggest that if cheese becomes more expensive by $0.75, the pizza price could increase by that amount. The demand equation Qd = 16-2P illustrates consumer demand but does not answer the question about topping pricing.
Step-by-step explanation:
The student's question is about determining the price per topping for a pizza based on given information. Since the graph mentioned in the question has not been provided, we cannot determine the exact price per topping. However, we can use the information regarding the increase in cost due to cheese becoming more expensive to infer how pricing for toppings might be adjusted.
According to the scenario in Step 3, the cost of producing a pizza increases by $0.75 because of the cheese becoming more expensive. If the firm wishes to maintain its profit margin, they would increase the price of the pizza by the same amount, $0.75. However, for the price per topping, more information is required to calculate the exact cost.
If the demand equation Qd = 16-2P is taken into account, we can infer that the Qd represents the quantity demanded and P represents the price. Plugging in $2 for P gives us a quantity demanded of 16 - 2(2) = 12. This equation is useful for understanding consumer behavior with respect to price changes, but does not provide a direct answer to the original question about topping prices.