From the previous graph, you can tell that Hilary is willing to supply her 8th slice of pizza for s each week. Since she receives $3.00 per slice, the producer surplus she gains from supplying the 8th slice of pizza is s Suppose the price of pizza were to rise to $3.75 per slice. At this higher price, Hilary would receive a producer surplus of s from the 8th slice of pizza she sells. The following graph shows the weekly market supply of pizza in a small economy.

From the previous graph, you can tell that Hilary is willing to supply her 8th slice of pizza for s each week. Since she receives $3.00 per slice, the producer surplus she gains from supplying the 8th slice of pizza is s Suppose the price of pizza were to rise to $3.75 per slice. At this higher price, Hilary would receive a producer surplus of s from the 8th slice of pizza she sells. The following graph shows the weekly market supply of pizza in a small economy.

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter7: Demand And Supply

Section: Chapter Questions

Problem 20AA

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