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Question
9. We are given the following supply schedule:
| Price | Quantity Demanded | |
| $0 | 0 | |
| $4 | 15 | |
| $8 | 30 | |
| $12 | 45 | |
| $16 | 60 | |
a. Graph the information from the supply schedule. Be sure to label everything.
b. Now graph the following supply schedule:
| Price | Quantity Demanded |
| $0 | 0 |
| $4 | 10 |
| $8 | 25 |
| $12 | 40 |
| $16 | 55 |
c. What happened to the supply curve?
d. List five things that could make the supply curve reflect your answer in part c.
Answer
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