1. 1.What is the equilibrium price?
2.What is the equilibrium quantity?
3. If the market price was 80, how many pizzas would be sold?
4. If the market price was 30, how many pizza would be sold?
5. If the market price was 80, would there be a shortage,
surplus, or equilibrium?
6. If the market price was 30, would there be a shortage,
surplus, or equilibrium?
7.What would be the quantity demanded at a price of 80?
8.What would be the quantity supplied at a price of 80?
9.What would be the quantity demanded at a price of 30?
10.What would be the quantity supplied at a price of 30?
10 Questions

2. Price
Quantity
Supply
Demand
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100
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3. Price
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4. Price
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5. Price
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6. Price
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7. Price
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8. Price
Quantity
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Demand
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QD = QS

9. Price
Quantity
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Demand
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QD = QS
QS - QD
5 - 5

10. Price
Quantity
Supply
Demand
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QD = QS
QS - QD
5 - 5
No Shortage
No Surplus

11. Price
Quantity
Supply
Demand
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12. Price
Quantity
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13. Price
Quantity
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14. Price
Quantity
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15. Price
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16. Price
Quantity
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QD

17. Price
Quantity
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Demand
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QD

18. Price
Quantity
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Demand
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QD

19. Price
Quantity
Supply
Demand
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100
0 1 2 3 4 5 6 7 8 9 10
QD

20. Price
Quantity
Supply
Demand
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100
0 1 2 3 4 5 6 7 8 9 10
QD QS

21. Price
Quantity
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Demand
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0 1 2 3 4 5 6 7 8 9 10
QD QS
QS - QD
8 - 2

22. Price
Quantity
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Demand
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QD QS
Surplus of 6
QS - QD
8 - 2

23. Price
Quantity
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Demand
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100
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24. Price
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25. Price
Quantity
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26. Price
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27. Price
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28. Price
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29. Price
Quantity
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QS

30. Price
Quantity
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Demand
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QS

31. Price
Quantity
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Demand
0
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QS

32. Price
Quantity
Supply
Demand
0
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QS

33. Price
Quantity
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QDQS

34. Price
Quantity
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Demand
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0 1 2 3 4 5 6 7 8 9 10
QDQS
QS - QD
3 - 7

35. Price
Quantity
Supply
Demand
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100
0 1 2 3 4 5 6 7 8 9 10
QDQS
Shortage of 4
QS - QD
3 - 7

36. 0
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Price
Quantity
Supply
Demand

37. 1.What is the equilibrium price? 50
2.What is the equilibrium quantity? 5
3. If the market price was 80, how many pizzas would be sold? 2
4. If the market price was 30, how many pizza would be sold? 3
5. If the market price was 80, would there be a shortage, surplus,
or equilibrium? surplus
6. If the market price was 30, would there be a shortage, surplus,
or equilibrium? shortage
7.What would be the quantity demanded at a price of 80? 2
8.What would be the quantity supplied at a price of 80? 8
9.What would be the quantity demanded at a price of 30? 7
10.What would be the quantity supplied at a price of 30? 3
10 Questions