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Author Question: Shifts in the Supply CurveThe table shows the quantity of tablets that is demanded and supplied at ... (Read 21 times)

krabuske

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Question 1

The Supply Curve

The table shows the supply schedule for socks.
PriceQuantity Supplied
10
215
330
445
560
Assuming that the supply of socks is linear, at what price is a quantity of 39 supplied? Round your final answer to two decimal places.
◦ $12.40
◦ $3.60
◦ -$585.00
◦ $585.00

Question 2

Shifts in the Supply Curve

The table shows the quantity of tablets that is demanded and supplied at various prices.
PriceQuantity DemandedQuantity Supplied
50120,000100,000
75112,500102,500
100105,000105,000
12597,500107,500
Assume that the new equilibrium price is $50. How much would quantity supplied need to increase at each price to reach this equilibrium?
◦ 5050
◦ 2550
◦ 20,000
◦ 112,499


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Marked as best answer by krabuske on Nov 23, 2022

KobyRhoads

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krabuske

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Reply 2 on: Nov 23, 2022
Thanks for the timely response, appreciate it


cassie_ragen

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Reply 3 on: Yesterday
Great answer, keep it coming :)

 

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