Examine the  market for pizza  For a. and b. describe which…

Examine the  market for pizza  For a. and b. describe which curve is affected,  the reason for the shift,  the direction of the shift and what happens to price and quantity as a result of the shift.  Assume that there is no intervention in the market.  You are encouraged to draw graphs to help in your analysis  but do not have to submit them with your answer. a.  The price of cheese, a key ingredient in pizza, rises b.  The price of soda, a complement to pizza,  falls. c.  Assume that both a and b have simultaneously occurred,  what can you say about the effect of both of these events on equilibrium price and quantity? *note a. and b.  have only one shift