A maker of custom watches sells a model that can be priced up to $16,000. At that price, the watchmaker will produce 12 watches per year (with the help of a full-time assistant). At the lower price of $12,000, the watchmaker will produce 9 watches per year (and rely on a part-time assistant). And, of course, if the price drops zero, the watchmaker will not supply any watches at all. Using the point plotting tool, interpret this information to plot three points on the watchmaker's supply curve. Then, use the straight-line tool to draw the supply curve that connects them. (Draw the curve as a single segment through all three points.)

See Hint A maker of custom watches sells a model that can be priced up to $16,000. At that price, the watchmaker will produce 12 watches per year (with the help of a full-time assistant). At the lower price of $12,000, the watchmaker will produce 9 watches per year (and rely on a part-time assistant). And, of course, if the price drops to zero, the watchmaker will not supply any watches at all. Using the point plotting tool, interpret this information to plot three points on the watchmaker's supply curve. Then, use the straight-line tool to draw the supply curve that connects them. (Draw the curve as a single segment through all three points.) To refer to the graphing tutorial for this question type, please click here. Price ($) 16000 15000 14000 13000 12000 11000 10000 8000 BOO0 7000 6000 5000 4000 3000 2000 1000 Quantity (watches per year)