1. Suppose the price of hamburgers, a subsitute for pizza, doubles. This leads to a doubling of the demand for pizza. (At each price, consumers demand twice as much pizza as before.) Write the equation for the new market demand for pizza.
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Home » Business » Suppose the market demand for pizza is given by: Qd = 300 - 20P Qs = 20P - 100 where P = price (per pizza). 1. Suppose the price of hamburgers, a subsitute for pizza, doubles. This leads to a doubling of the demand for pizza.