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The figure below shows the supply curve for tennis balls, 51, for Drop Volley Tennis, a producer of tennis equipment. If production costs were to
The figure below shows the supply curve for tennis balls, 51, for Drop Volley Tennis, a producer of tennis equipment. If production costs were to increase, the quantities supplied at each price would be as shown by the third column of the table (\"52 Quantity Supplied\"). CD 4 s1 3 0 .2 2 E 1 0 C 5 10 15 20 Quantity supplied a. Use the figure to ll in the quantity supplied given the supply curve 51 for each price in the table below (second column. gray- shaded cells). Instructions: If you are entering any negative numbers be sure to include a negative sign (-) in front of those numbers. lo. Use those data to draw supply curve 52 on the graph below. Instructions: On the graph below, use your mouse to click and drag the supply curve '51' as necessary, or you may move the individual points. (9 Price O 5 10 15 20 Quantity supplied c. In the fourth column (gray-shaded cells) of the table in part a, enter the amount by which the quantity supplied at each price changes due to the increase in product costs. (Use positive numbers for increases and negative numbers for decreases.) d. Did the increase in production costs cause a "decrease in supply" or a "decrease in quantity supplied"? A decrease in supply
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