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The table below shows the quantity of birthday cakes supplied by two producers, Producer A and Producer B. Individual and Market Supply of Birthday Cakes
The table below shows the quantity of birthday cakes supplied by two producers, Producer A and Producer B. Individual and Market Supply of Birthday Cakes 2 Quantity of Birthday Cakes Supplied points Price Market (dollars) Producer A Producer B Total 160 446 12 120 360 eBook 10 80 280 8 40 200 6 120 References 4 40 Instructions: Enter your answers as a whole number. a. In the table, fill in the "Market" column. b. Graph the supply curves for Producer A, Producer B, and the market supply curve. Instructions: Use the tools provided 'Producer A," 'Producer B' and 'Market supply' to plot each line point by point (6 points each). Market Supply of Birthday Cakes 16 Tools 14 Producer A Producer B 12 10 Market supply Price (dollars) 100 200 300 400 500 6008 Use the supply schedule below to answer the questions that follow. Supply of Umbrellas 2 Quantity of points Price (dollars Umbrellas per umbrella) Supplied $120 5,000 100 4,00 80 3,000 eBook 60 2,000 10 1,000 20 References a. Use the supply schedule to graph the supply curve. Instructions: Use the tool provided 'Supply' to plot the line point by point (6 points total). Supply of Umbrellas 140 Tools 120 Supply 100 80 Price (dollars) 60 40 20 0 1000 2000 3000 4000 5000 6000b. What is the quantity of umbrellas supplied if the market price is $607 ) 3,000 umbrellas ) 2,000 umbrellas ) 5,000 umbrellas ) 4,000 umbrellas c. Suppose the market price rises from $60 per umbrella to $80 per umbrella. The guantity of umbrellas supplied will | (Click to select) v by (Click to select) v umbrellas
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