Examine the changes in equilibrium price and quantity


Examine the changes in equilibrium price and quantity.

Use a diagram to illustrate how each of th following events affects the equilibrium price also quantity of pizza ( draw a separate diagram for each event)

a)The price of mozzarella cheese rises.

b)Consumes expect the price of pizza to fall next week.

 

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Business Economics: Examine the changes in equilibrium price and quantity
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