a) Suppose that the demand for pizzas were to increase by 60 pizzas per day. Show the new demand, labeled D2 in
Fig 2.21
b) If the price stays at the old equilibrium, there would be a _____ (surplus/shortage) of _____ pizzas.
c) What would be the new equilibrium price and quantity? Equilibrium price: $______ Equilibrium quantity: _______
