What would drive the market toward the equilibrium

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Reference no: EM13199390

the market for pizza has the following demand and supply curves
price Quantity Demanded Quantity Supplied
4 135 pizzas 26 pizzas
5 104 53
6 81 81
7 68 98
8 53 110
9 39 121

a. graph the demand and supply curves. What is the equilibrium price and quantity in this market?
b. If the actualy price in this market were above the equilibrium price, what would drive the market toward the equilibrium?
c. If the actual price in this market were below the equilibrium price, what would drive the market toward the equilibrium?

Reference no: EM13199390

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