Text Problem 3-19 Question Help In the figure to the right, what are the offects of a price increase from $4 per portable power bank to $7 por portable power bank on the quantities supplied by Supplier 1 and by Supplier 2 individually and combined? 1.) Using the line drawing fool, draw the market supply curve for the two suppliers. Label this Ine 'S." 2.) Using the point drawing fool, Indicate on Supplier 1's supply curve, Sy, the quantity supplied when the price is $4 per portable power bank. Label this point 3.) Using the point drawing fool, indicate on Supplier 2's supply curve, S2. the quantity supplied when the price is $4 per portable power bank. Label this point Price per Portable Power Bank ($) 4- A 2- 4.) Using the point drawing fool, Indicate on the market supply curve for the two sellers, S, the quantity supplied when the price is $4 per portable power bank. Label this point "A" 2 6 8 10 12 14 16 16 20 22 24 26 28 30 Carefuly follow the instructions above, and only drew the required objects. Portable Power Banks per Year (thousands) 1.) Using the point drawing fool, indicate on Supplier 1's supply curve, S,. the quantity supplied when the price is $7 per portable power bank. Label this point Click the graph, choose a tool in the palette and follow the instructions to create your graph. part remaining Clear All Check Answer P Pearson Cancel Que Copyright @ 2020 Pearson Education Inc. All rights reserved. | Terms of Use | Privacy Policy | O. Course Hero, Inc. Privacy Terms