eChegg. The Student Hub plia: Student Question x MindTap-Cengage Lear xG simple

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eChegg. The Student Hub plia: Student Question x MindTap-Cengage Lear xG simple leverage ratio-Gcx T courses aplia.com/af/servlet/quiz?quiz action-takeQuiz&quiz; probGuid-ONAPC0A801010000002ae008700f0000&ct; =malkiat sandhul 0077 Customer Support Sign Out aplia Home Grades Personalized Reviews Discussion Course Materials Supply and Demand Graded Assignment | Read Chapter 3 | Back to Assignment Due Friday 10.09.15 at 11:45 PM Attempts: Average: /3 12. Another supply and demand puzzle Aa Aa The market price of pizzas in a college town increased recently, and the students in an economics class are debating the cause of the price increase. Some students suggest that the price increased because several pizzerias in the area have recently gone out of business. Other students attribute the increase in the price of pizzas to a recent increase in the price of hamburgers at local burger joints Everyone agrees that the increase in the price of hamburgers was caused by a recent increase in the price of ground beef, which is not generally used in making pizzas. Everyone also agrees that pizzerias and burger joints are entirely separate entities-that is, there aren't places that serve both pizzas and hamburgers The first group of students thinks the increase in the price of pizzas is due to the fact that several pizzerias in the area have recently gone out of business. On the following graph, adjust the supply and demand curves to illustrate their explanation for the increase in the price of pizzas Tool tip: Click and drag one or both of the curves. Curves will snap into position, so if you try to move a curve and it snaps back to its original position, just try again and drag it a little farther PRICE (Dollars per pizzal Supply Demand QUANTITY (Pizzas per monthl Session Timeout 59:35

Explanation / Answer

Question not legible enough to answer. Nextly, if movements are to be made on graph, it is diffcult to describe the answer.

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