1. Bellringer
1. Graph the supply & demand of pizzas
2. What is the price where they cross?
3. Describe the situation if the price is $20
Price Quantity
Demanded
Quantity
Supplied
$25 100 800
$20 210 700
$15 300 625
$10 500 500
$5 650 300

3. New pizza chain comes to town

4. Price of Subway sandwiches decreases

5. Population doubles

6. Price of cheese triples

7. Consumers think pizza prices will double in
October

8. Government requires pizzas to be served in
special “sanitary” boxes

9. Americans try to eat healthier

10. Unemployment rate increases