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Pizza Parlor sells an 8 in pepperoni pizza for $6.99. The price of its 16 in pizza is $27.96.

User Sthita
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1 Answer

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Final answer:

When the price of a personal pizza is $2, according to the demand equation Qd = 16 - 2P, consumers will buy 12 personal pizzas.

Step-by-step explanation:

When the price of each personal pizza is set at $2, it can be plugged into the demand equation, Qd = 16 - 2P, where Qd is the quantity demanded and P is the price. To find out how much consumers will buy at this price, simply substitute the price into the equation:

Qd = 16 - 2(2)

Qd = 16 - 4

Qd = 12

Therefore, consumers will buy 12 personal pizzas when the price is $2 each. This equation assumes that the relationship between price and quantity is linear and represents basic principles of supply and demand.

User Mkebri
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