Quantity Demanded Quantity Supplied (Pizzas per Month) Price per Pizza (Pizzas per Month) RM3 1,200 600 6. 1,000 700 9 800 800 12 600 900 15 400 1,000 2.1) If the price per pizza is RM12, what happen to the price and why? 2.2) If the price per pizza is RM15, what happen to the market? 2.3) If the price per pizza is RM6, what happen to the market? 2.4) In this market there will be an excess demand of 300 pizzas at a price of 2.5) In this market there will be an excess supply of 300 pizzas at a price of 2.6) If the price per pizza is RM3, what happen to the price and why?

Quantity Demanded Quantity Supplied (Pizzas per Month) Price per Pizza (Pizzas per Month) RM3 1,200 600 6. 1,000 700 9 800 800 12 600 900 15 400 1,000 2.1) If the price per pizza is RM12, what happen to the price and why? 2.2) If the price per pizza is RM15, what happen to the market? 2.3) If the price per pizza is RM6, what happen to the market? 2.4) In this market there will be an excess demand of 300 pizzas at a price of 2.5) In this market there will be an excess supply of 300 pizzas at a price of 2.6) If the price per pizza is RM3, what happen to the price and why?

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter4: The Market Forces Of Supply And Demand

Section: Chapter Questions

Problem 5CQQ

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