John is selling his pizza for $6 per slice in an area of high demand. however, customers are not buying his pizza. using what you learned about the principles of equilibrium, write three to four sentences about how john could solve his problem?
Wednesday, January 25, 2023
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Question: John is selling his pizza for $6 per slice in an area of high demand. however, customers are not buying his pizza. using what you learned about the principles of equilibrium, write three to four sentences about how john could solve his problem?
John could solve his problem by adjusting the price of his pizza to reach equilibrium. In order to increase the number of customers buying his pizza, John could lower the price of his pizza to a level that is more in line with the market demand. This would make his pizza more affordable to customers, and would increase the quantity demanded, as more customers would be willing to purchase his pizza at a lower price.
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