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Worked example – Pizza supply PowerPoint Presentation
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Worked example – Pizza supply

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Worked example – Pizza supply - PowerPoint PPT Presentation

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Worked example – Pizza supply

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  1. Worked example – Pizza supply • Here demand has shifted (an ‘increase’ in demand), and price of supply has moved along the same supply curve • This is an ‘expansion’ as there is more being supplied and consumed (Q2 – Q1) than previously. • If the quantity supplied and demanded fell then this would be a ‘contraction’ in the market S P D2 D1 Q 1 Q 2 Q