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10. Individual and market supply Suppose that Carlos and Deborah are the only suppliers of pieces of cake in some hypothetical market. Their annual supply

10. Individual and market supply

Suppose that Carlos and Deborah are the only suppliers of pieces of cake in some hypothetical market. Their annual supply schedules are given by the following table:

PriceCarlos's Quantity SuppliedDeborah's Quantity Supplied
(Dollars per piece)(Pieces)(Pieces)
1020
21035
31545
42050
52555

On the following graph, plot Carlos's supply of pieces of cake using the green points (triangle symbol). Next, plot Deborah's supply of pieces of cake using the purple points (diamond symbol). Finally, plot the market supply of pieces of cake using the orange points (square symbol).

Note: Line segments will automatically connect the points. Remember to plot from left to right.

image text in transcribed
6 4 5 Carlos's Supply 4 Deborah's Supply 3 PRICE (Dollars per piece) Market Supply 2 7 0 0 20 40 60 80 100 120 QUANTITY (Pieces)

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