1. The following is the assumed supply schedule for Pepsi consumer in Queens, New York:

SupplySchedule

PriceQuantity Supplied per Year (thousands of bottles)

$2.2532

$2.0028

$1.7524

$1.5020

$1.2516

$1.0012

A.Using the information above, draw a graph showing the consumer's supply curve for

Pepsi.

B.Explain the differences between a change in quantity suppled of Pepsi and a

change in the supply of Pepsi.

C.Would a change in the price of Pepsi cause a change in the supply of

Pepsi?Explain why or why not?

D.Assume the market for television sets in Queens, New York is in equilibrium (You must

draw a graph to illustrate this).Explain how the intersection of supply and demand

indicates the equilibrium.