for pizza can be able to enjoy pizza. There two people Chris and Phill. Both are willing pay 150$ for this pizza, but with this amount Chris wants to have 2 pizzas whilst Phill wants to have 3 pizzas. Being a pizza supplier by which method you can determine their demands for pizza and how can you ensure the market equilibrium. Support your answer with graph(s).

Principles of Microeconomics
7th Edition
ISBN:9781305156050
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter22: Frontiers Of Microeconomics
Section: Chapter Questions
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01. Suppose there is only 1 product in the economy and that's Pizza, whoever wants to pay
for pizza can be able to enjoy pizza. There two people Chris and Phill. Both are willing to
pay 150$ for this pizza, but with this amount Chris wants to have 2 pizzas whilst Phill
wants to have 3 pizzas. Being a pizza supplier by which method you can determine their
demands for pizza and how can you ensure the market equilibrium. Support your answer
with graph(s).
Transcribed Image Text:01. Suppose there is only 1 product in the economy and that's Pizza, whoever wants to pay for pizza can be able to enjoy pizza. There two people Chris and Phill. Both are willing to pay 150$ for this pizza, but with this amount Chris wants to have 2 pizzas whilst Phill wants to have 3 pizzas. Being a pizza supplier by which method you can determine their demands for pizza and how can you ensure the market equilibrium. Support your answer with graph(s).
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