Author Question: Shifts in the Supply CurveThe table shows the quantity of tablets that is demanded and supplied at ... (Read 138 times)

krabuske · **on:** Nov 23, 2022

Question 1

The Supply Curve

The table shows the supply schedule for socks.

Price	Quantity Supplied
1	0
2	15
3	30
4	45
5	60

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.

Price	Quantity Demanded	Quantity Supplied
50	120,000	100,000
75	112,500	102,500
100	105,000	105,000
125	97,500	107,500

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

KobyRhoads · **Reply #1 on:** Nov 23, 2022

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