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a. Suppose in a market of confectioneries, there are only four suppliers; Delizia, Sachas, La Farine and Pie in the Sky. Using the data in

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a. Suppose in a market of confectioneries, there are only four suppliers; Delizia, Sachas, La Farine and Pie in the Sky. Using the data in give Table and answer the following the questions using completely labeled graph for each part. Price Delizla Qs Sachas Qs La Farine Qs Pie In the Sky Qs 10 50 100 300 $50 20 100 200 600 1,300 30 150 300 900 1,950 40 200 400 1,200 2,600 50 250 500 1,500 3,250 i) Derive the market supply at given price levels. Also, illustrate it graphically and label it. (1 Mark, Maximum 100 words) ii) Suppose the technology improvement has increased the output in the confectionery market by 100 units by every firm at each price level. Identify the change in the supply and also, illustrate it graphically and label it. (1 Mark, Maximum 100 words) b. Given the following individual demand and supply schedules for pen and answer the following the questions using completely labeled graph for each part. Demand by Price Demand by Ali Eman Supply by Piano Supply by Parker 10 500 750 100 350 20 400 650 200 450 30 300 550 300 550 40 200 450 400 650

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