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Exercise 1: Using the data from the supply schedule for part time workers , draw supply curves 52 and 53 on the graph below. Supply

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Exercise 1: Using the data from the supply schedule for part time workers , draw supply curves 52 and 53 on the graph below. Supply of Part Time Workers 35 30 25 20 Hourly Rates 15 10 5 0 0 500 1000 1500 2000 2500 3000 Quantity of Part Time Hours Refer to the chart you have drawn and answer the following questions : 1. When the hourly rate is $20, compare the quantity of hours students are willing to

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