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Suppose that you are the head of the sporting goods dealers' association in your city. You survey all the stores that sell skis and determine
Suppose that you are the head of the sporting goods dealers' association in your city. You survey all the stores that sell skis and determine how many pairs of skis they are willing to sell at various prices. Your research enables you to make the following market supply schedule. Market Supply Schedule for Pair of Skis Price Per Pair Quantity supplied $500 600 $425 450 $350 325 $275 225 $200 150 $125 100 A. Create a Supply Curve Use this market supply schedule to draw a market supply curve. Be sure to label each axis of your graph. Supply Curve ANALYZE GRAPHS 1. At which price will all sporting goods dealers want to sell 600 pairs of skis? 2. How is the slope of this supply curve different from the slope of a market demand curve
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