Final answer:
Each of the eight friends gets 1/4 (or 0.25) of a pizza when two pizzas are shared equally. If the price per pizza is $2, the demand equation shows that consumers will buy 12 pizzas.
Step-by-step explanation:
The question focuses on dividing two pizzas equally among eight friends. To calculate how much pizza each friend gets, you can use this equation:
Amount of pizza per friend = Total pizzas ÷ Number of friends
So, each friend will get 1⁄8 (or 0.25) of a pizza.
In the context of the information provided about personal pizza pricing and demand, if the price of each personal pizza is $2, we can determine that using the demand equation Qd = 16-2P, where P is the price:
Qd = 16 - 2(2)
Qd = 16 - 4
Qd = 12
Consumers will buy 12 pizzas when the price is $2 each. Meanwhile, producers are also ready to supply 12 personal pizzas at this price, confirming that supply equals demand (Qd = Qs).