The table given below shows the demand and supply position of Pizza's at various prices
Price Daily demand Daily supply
25 3000 2300
27 2950 2350
30 2750 2475
32 2650 2650
33 2600 2750
What is the equilibrium quantity of supply and demand?

2750

No worries! We‘ve got your back. Try BYJU‘S free classes today!

2600

No worries! We‘ve got your back. Try BYJU‘S free classes today!

2650

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

2700

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is C 2650
At equilibrium level aggregate demand is equal to aggregate supply. This is the state where the market forced demand and supply are same and there can be no change in the price. This is the state where the ideal market price is achieved. Hence, the equilibrium quantity is 2650 and price is Rs-32.

Suggest Corrections

Similar questions

Q. The table given below shows the demand and supply position of Pizza's at various prices.

Price	Daily demand	Daily supply
25	3000	2300
27	2950	2350
30	2750	2475
32	2650	2650
33	2600	2750

What is the equilibrium price?

Experts please can I get a help for my economics project .

Topics are -

1) make a list of products for weight you think demand in price inelastic and price elastic . Specifying the reason you may think relevant for your analysis.

2) Develop a hypothetical table at information for coffee that shows quantity demanded at various price and supply of coffee at this price . Draw a demand curve and supply curve and show and equilibrium price at which market is cleared of its supply.

Suppose the demand and supply curves of a commodity are given as:
$Y^{d} = 200 - p$
$Y^{s} = 120 + p$
(i) Find the equilibrium price and equilibrium quantity.
(ii) Also show that at a price of Rs. 30, there is excess demand and at a price of Rs. 45, there is excess supply.

Q.
Show withe the help of diagrams, the effect on equilibrium price and quantity when:
(i) demand is perfectly elastic and supply decreases.
(ii) supply is perfectly elastic and demand increases.

Show with the help of a diagram, the effect on equilibrium price and quantity when:
(i) Demand is perfectly elastic and supply decreases.
(ii) Supply is perfectly inelastic and demand increases.
(iii) The demand curve is perfectly elastic and the supply curve shifts outwards.

Join BYJU'S Learning Program

The table given below shows the demand and supply position of Pizza's at various pricesPriceDaily demandDaily supply25300023002729502350302750247532265026503326002750What is the equilibrium quantity of supply and demand?

The table given below shows the demand and supply position of Pizza's at various prices
Price Daily demand Daily supply
25 3000 2300
27 2950 2350
30 2750 2475
32 2650 2650
33 2600 2750
What is the equilibrium quantity of supply and demand?