Question

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Quantity Supplied
nstructions: Refer to the graph and answer the questions below.
Suppose the price is $6. What is the Quantity Supplied?
Suppose the Quantity Supplied is 200. What must the price be?
Suppose the price is $5 resulting in a Quantity Supplied of 300. Then the pric

Answer 1

a. 400

b. 4$

Explanation:

2$ equals 0 Quantity

3$ equals 100 Quantity

4$ equals 200 Quantity

We can see that starting from 2$, a dollar will increase the Quantity by 100