5. Suppose the economy is made up of three producers of Honeycrisp cider (measured in gallons): Emma,

Karolina, and Felix. The individual supply schedules for gallons of Honeycrisp apple cider for these three

producers are given in the table below.

a. Graph the market supply curve using the given

individual supply schedules.

b. What is the market quantity supplied if the price of

a gallon of Honeycrisp apple cider is $8?

c. If the price of a gallon of Honeycrisp apple cider

falls from $6 to $4, what is the total change in

quantity supplied in the market? (Illustrate this

movement in your graph in part (a).)

d. If the price of a gallon of Honeycrisp apple cider

falls from $6 to $4, what happens to market supply?

Price

Price, Emma, Carolina, Felix

0 0 0 0

2 3 2 1

4 6 4 2

6 9 6 3

8 12 8 4

10 15 10 5