(Answered) The market demand and supply functions for pizza

Engineering

The market demand and supply functions for pizza are: QD = 25,000 - 1,500P and QS = 2,500P - 15,000.

Calculate the equilibrium price and quantity that will prevail under a completely free market.
Calculate the price elasticities of supply and demand at the equilibrium values.
Calculate the consumer surplus in the market for pizza.

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