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Suppose the market for apples is perfectly competitive. The rst graph depicts the supply and demand curves for the apple market. The second graph represents
Suppose the market for apples is perfectly competitive. The rst graph depicts the supply and demand curves for the apple market. The second graph represents an individual apple grower. Graph the demand curve that the individual grower faces by placing the endpoints of the rm demand curve in the correct locations. Market for apples Price of apples (SS/bushel) $10 9 Price of apples (Eli/bushel) 0123456789101112131415 Bushels of apples (thousands) 10 0.0 1.0 Individual apple grower 2.0 3.0 4.0 Bushels of apples (hundreds) 5.0 6.0
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