Question

Price $7.00 6.00 5.00 4.00 3.00 2.00 1.00 EL DE Se B A change in the quantity supplied due to a change in price. Market Supply Curve 600 650 700 750 800 850 Quantity Supplied per Day 2 M B Chapter Figure 7-4 Market Supply Curve for Sandwiches in Sycamore Bend The market supply curve for sandwiches is the sum of the supply curves for all firms in the market.

How many sandwiches do you think would be supplied by this market if the price were $3.50?​

Answer 1

The number of sandwiches that would be supplied by this market if the price were $3.50 is: 675

How to Interpret the Supply Curve?

A supply curve is defined as a graphical representation of the relationship between the price of a good or service and the quantity supplied for a given period of time. The supply curve typically shows that as the price of a good increases, the quantity of goods supplied also increases.

We want to find out the number of sandwiches that would be supplied by this market if the price were $3.50.

From the graph, we see that the number of sandwiches that would be supplied by this market if the price were $3.50 is:

(650 + 700)/2 = 675