4. Individual and market supply Suppose that Antonio and Caroline are the only suppliers of shoes in a particular market. The following table shows their annual supply schedules: Price (Dollars per pair) 10 20 30 40 50 Antonio's Quantity Supplied Caroline's Quantity Supplied (Pairs) (Pairs) 0 16 12 28 20 24 28 36 40 44 on the following graph, plot Antonio's supply of shoes using the green points (triangle symbol). Next, plot Caroline's supply of shoes using the purple points (diamond symbol). Finally, plot the market supply of shoes using the orange points (square symbol).

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Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter3: Demand And Supply
Section: Chapter Questions
Problem 55P: Table 3.9 illustrates the markets demand and supply for cheddar cheese. Graph the data and find the...
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4. Individual and market supply
Suppose that Antonio and Caroline are the only suppliers of shoes in a particular market. The following table shows their annual supply schedules:
Price
(Dollars per pair)
88888
20
30
40
50
Antonio's Quantity Supplied Caroline's Quantity Supplied
(Pairs)
(Pairs)
0
16
12
28
20
36
40
44
24
28
4
on the following graph, plot Antonio's supply of shoes using the green points (triangle symbol). Next, plot Caroline's supply of shoes using the purple
points (diamond symbol). Finally, plot the market supply of shoes using the orange points (square symbol).
Transcribed Image Text:4. Individual and market supply Suppose that Antonio and Caroline are the only suppliers of shoes in a particular market. The following table shows their annual supply schedules: Price (Dollars per pair) 88888 20 30 40 50 Antonio's Quantity Supplied Caroline's Quantity Supplied (Pairs) (Pairs) 0 16 12 28 20 36 40 44 24 28 4 on the following graph, plot Antonio's supply of shoes using the green points (triangle symbol). Next, plot Caroline's supply of shoes using the purple points (diamond symbol). Finally, plot the market supply of shoes using the orange points (square symbol).
points (diamond symbol). Finally, plot the market supply of shoes using the orange points (square symbol).
60
50
PRICE (Dollars per pair)
8
9
10
O
0
16
32
48
64
QUANTITY (Pairs)
80
06
Antonio's Supply
Caroline's Supply
Market Supply
Transcribed Image Text:points (diamond symbol). Finally, plot the market supply of shoes using the orange points (square symbol). 60 50 PRICE (Dollars per pair) 8 9 10 O 0 16 32 48 64 QUANTITY (Pairs) 80 06 Antonio's Supply Caroline's Supply Market Supply
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