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Can you please assist me with this part of my homework. this is the only section I am stuck on.. I appreciate it Below, you

Can you please assist me with this part of my homework. this is the only section I am stuck on.. I appreciate it

Below, you are provided with the supply function for bananas, which gives the

number of banan

as that sellers are willing to sell at different prices. You will use this

information to construct the

supply curve for bananas

, and to identify the numb

er of

bananas that sellers are willing to offer at different prices.

The quantity supplied of bananas is given by the following supply function:

Q = (400 x P)

-

800

,

where

P

is the per-unit price of a banana.

Part 1

: In the space below, construct the supply curve for bananas.

Remember that

"Quantity of B

ananas Supplied" is on the horizontal axis, and "Price" is on the vertical

axis.

Price

Quantity of Bananas Supplied

600

200

800 1,000

400

1,200 1,400

$1

$2

$3

$4

$5

$6

$7

Part 2

: Based

on the supply curve that you constructed above, what is the quantity

of bananas supplied when the price of a banana is $3.00?

Part 3

: Based on t

he supply curve that you constructed above, what is the quantity

of bananas supplied when the price of a banana is $4.50?

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