When the going rate is $2.00 per hour, Ann wants to babysit 12 hours each week...
When the going rate is $2.00 per hour, Ann wants to babysit 12 hours each week and Pat wants to babysit 8 hours each week. If the rate goes up to $4.00, Ann and Pat both double the number of hours they are willing to babysit each week. Based on this information, a combined supply curve will pass through the points:
A) price = $2.00, quantity supplied = 20 and price = $4.00, quantity supplied = 40.
B) price = $2.00, quantity supplied = 10 and price = $4.00, quantity supplied = 20.
C) price = $2.00, quantity supplied = 6 and price = $4.00, quantity supplied = 4.
D) price = $2.00, quantity supplied = 4 and price = $4.00, quantity supplied = 6.
Homework Answers
"A"
When the price is $2 combined supply is 20 and when the price rises to $4 the combined supply is 40. the supply curve will pass through these points.
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When the going rate is $2.00 per hour, Ann wants to babysit 12
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