Question

Apply your understanding of the previous key terms by completing the following scenario with the appropriate terminology.

Your manager requests your help on a marketing research project they are conducting on the relationship between the price of seltzer and the
quantity of seltzer supplied. They hand you the following document:
Price of Seltzer
(Dollars per can)
0.50
0.75
1.00
1.25
Quantity of Seltzer Supplied
(Billions of cans)
750
1,000
1,500
2,000

Your task is to take this (quantity of seltzer/supply schedule/ supply curve/ law of supply) and construct a graphical representation of the data. In doing so, you determine that as
the price of seltzer rises, the quantity of seltzer supplied increases. This confirms the (supply schedule/ law of supply/ supply curve/ quantity of seltzer supplied)

Answer 1

Answer: Your task is to take this supply schedule Correct and construct a graphical representation of the data. In doing so, you determine that as the price of seltzer rises, the quantity of seltzer supplied increases. This confirms the law of supply

Step-by-step explanation:

Answer 2

Your task is to take this quantity of seltzer supply schedule and construct a graphical representation of the data. In doing so, you determine that as the price of seltzer rises, the quantity of seltzer supplied increases. This confirms the law of supply.