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Suppose that Jacques and Kyoko are the only suppliers of collectible action figures in a particular market. The following table shows their annual supply schedules:
Suppose that Jacques and Kyoko are the only suppliers of collectible action figures in a particular market. The following table shows their annual supply schedules:
Price | Jacques's Quantity Supplied | Kyoko's Quantity Supplied |
---|---|---|
(Dollars per action figure) | (Action figures) | (Action figures) |
2 | 0 | 8 |
4 | 6 | 14 |
6 | 10 | 18 |
8 | 12 | 20 |
10 | 14 | 22 |
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