Suppose AP Economics students at your school offer tutoring...

2. Suppose AP Economics students at your school offer tutoring services to students in regular economics courses.

a. Draw a correctly labeled graph showing the supply curve for tutoring services measured

in hours. Label the supply curve "S1".

b. Suppose the wage paid for babysitting, an

alternative activity for AP Economics students, increases. Show the effect of this wage increase on the graph you drew for part a. Label the new supply curve "S2".

c. Suppose instead that the number of AP Economics students increases. Show the effect of this increase in AP Economics students on the same graph you drew for parts a and b. Label the new supply curve "S3"