2. Sket a supply curve graph illustrating a students willingness to offer tutoring services. e student, call

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2. Sket a supply curve graph illustrating a student’s willingness to offer tutoring services. e student, call her Lena, is willing to tutor for three hours per week if she receives $10/hour. If Lena receives $15 per hour, she is willing to tutor for five hours per week. If she can arge $20 per hour, she would tutor for seven hours per week. Lastly, if Lena receives $25 per hour, she is willing to tutor for nine hours per week. Carefully label the vertical and horizontal axes. en describe one situation that would increase Lena’s supply of tutoring services, and one situation that would decrease Lena’s tutoring supply.

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Microeconomics In Context

ISBN: 9781138314566

4th Edition

Authors: Neva Goodwin , Jonathan M. Harris, Julie A. Nelson , Pratistha Joshi Rajkarnikar , Brian Roach , Mariano Torras

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