Question

Average: /1 Attempts: S. Individual and market supply Suppose that Bob and Cho are the only suppliers of shoes in a particular market. The following table shows thelr annual supply schedules: Bob's Quantity Supplled (Pairs) 0 16 24 28 32 Cho's Quantity Supplled Price (Dollars per pair) 10 20 30 40 50 (Palrs) 20 36 48 56 60 On the following graph, plot Bob's supply of shoes using the green points (triangle symbol). Next, plot Cho's supply of shoes using the purple points (diamond symbol). Finally, plot the market supply of shoes using the orange points (square symbol). 60

Answer 1

Solution:

D-70 E-60 50 40 30 20 64 Quantity (pair) 10 20