uestion 2 (alga) s10 59 Supply 53 57 so 8 -: 55 o. 54 53 52 51 so a 100 200 son 400 see one 700 Quantity Supplied nstructlons: Refer to the graph and answer the questions below. a. Suppose the price is $4. What is the Quantity Supplied? [3. Suppose the Quantity Supplied is 300. What must the price be? c. Suppose the price is $6 resulting in a Quantity Supplied of 400. Then the price falls to $3. What is the new Quantity Supplied? Question 2 (algo) Refer to the graph and answer the following questions $10 $9 $8 $7 $6 Price $5 $4 $3 $2 $1 Demand 0 20 40 60 80 100 120 140 160 180 200 Quantity Demanded a. Suppose the price is $4. What is the Quantity Demanded? 100 b. Suppose the Quantity Demanded is 80. What must the price be? $ 5 0 c. Suppose the price is $4, resulting in a Quantity Demanded of 100. Then the price changes to $2. What is the new quantity demanded?uestion 1 my and Bill are xing up their house by painting walls and installing electrical outlets. In one hour, Amy can paint 8 walls, orinstall 6 outlets. In one hour, Bill can paint 5 walls, orinstall 5 outlets a. If Amy painted 8 walls in the first hour ofwork, and then switched to doing 6 outlets in the second hour of work. what was the opportunity cost of each of those outlets? Instructions: Round your answers to two decimal places. unpainted walls per new outlet{s). For the third hour, if she switches back to painting 8 walls, what was the opportunity cost of each of those walls? fewer outlets per painted wall(s). b. If Bill painted 5 walls in the first hour of work, and then switched to doing 5 outlets in the second hour of work, what was the opportunity cost of each of those outlets? Instructions: Answer in whole numbers. unpainted wall(s) per new outlet(s). For the third hour, if he switches back to painting 5 walls, what was the opportunity cost of each of those walls? fewer outlet[s) per painted wa|l[s]