1. What would the supply curve for houses (in a given city) look like for a time

period of (a) the next ten hours and (b) the next three months? Explain with

a relevant graph.

2. What happens to the supply curve if each of the following occurs? Explain with

relevant graph.

a. There is a decrease in the number of sellers.

b. A per-unit tax is placed on the production of a good.

c. The price of a relevant resource falls.

3. "If the price of apples rises, the supply of apples will rise." True or false?

Explain your answer with a graph.