Economics: Principles, Problems, and Policies, 19th Edition

Published by McGraw-Hill Education
ISBN 10: 0073511447
ISBN 13: 978-0-07351-144-3

Chapter 3 - Demand, Supply, and Market Equilibrium - Problems - Page 67: 2a

Answer

S1 Quantity Supplied At Price 3 = 15 At Price 2 = 10 At Price 1 = 5 Change in Quantity Supplied At Price 3 = 11 At Price 2 = 8 At Price 1 = 5

Work Step by Step

For S1 Quantity Supplied, refer graph For Change in Quantity Supplied, At Price 3 = 15-4 = 11 At Price 2 = 10-2 = 8 At Price 1 = 5-0 = 5
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