1b. Draw a suppy schedyle showing theprice and Quanlites you have calculated for this Commodity
Economics
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To draw a supply schedule, we list the quantities of a commodity that producers are willing and able to supply at various prices. Based on typical supply behavior, as the price increases, the quantity supplied also increases.
Here is a sample supply schedule based on hypothetical calculated values:
Supply Schedule
| Price (per unit) | Quantity Supplied (units) |
|---|---|
| $10 | 50 |
| $15 | 75 |
| $20 | 100 |
| $25 | 125 |
| $30 | 150 |
To draw the supply curve from this schedule:
- Plot the points: On a graph, with Price on the vertical (y) axis and Quantity Supplied on the horizontal (x) axis, plot each (Quantity, Price) pair from the schedule.
- Draw the curve: Connect the plotted points with a line. This line represents the supply curve. It should slope upwards from left to right, indicating a positive relationship between price and quantity supplied.
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