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1. In Kingsbury County, there is a supply schedule for fast food. Here is the table below: Price Quantity Supplied 4.00 3,000 4.50 3,500 5.00
1. In Kingsbury County, there is a supply schedule for fast food. Here is the table below: Price Quantity Supplied 4.00 3,000 4.50 3,500 5.00 4,000 5.50 4,500 6.00 5,000 a. Draw a supply curve where you plot price on the vertical axis and quantity on the horizontal axis. b. When the price rises from $4.50 to $5.50, how much does quantity supplied increase or decrease? c. When the price falls from $5.00 to $4.00, how much does quantity supplied increase or decrease
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