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5 4 3 Price 2 0 5 10 15 20 Quantity (Thousands of Balls) d. Did the increase in production costs cause a decrease in
5 4 3 Price 2 0 5 10 15 20 Quantity (Thousands of Balls) d. Did the increase in production costs cause a decrease in supply or a decrease in quantity supplied? A decrease in supply Prev 14 of 20 Next >a. Use the figure to fill in the quantity supplied on supply curve S1 for each price in the table below. Instructions: If you are entering any negative numbers, be sure to include a negative sign (-) in front of those numbers. $1 S2 Change in Quantity Quantity Quantity Price Supplied Supplied Supplied $3 4 2 2 1 b. If production costs were to increase, the quantities supplied at each price would be as shown by the third column of the table (" Quantity Supplied"). Use that data to draw supply curve S2 on the same graph as supply curve $1. c. In the fourth column of the table in part a, enter the amount by which the quantity supplied at each price changes due to the increase in product costs. (Use positive numbers for increases and negative numbers for decreases.) Instructions: 1. On the graph below, use your mouse to click and drag the supply curve 'S1' as necessary. Or, you may move the individual points. 2. Once all points have been plotted, click on the line (not individual points) and a tool icon will pop up. You can use this to enter exact co-ordinates for your points as needed. 5 r 14 of 20 Next >
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