Imagine that the market supply of peaches comes from

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Imagine that the market supply of peaches comes from Georgia (GA) and South Carolina (SC). The supply schedule below shows the quantity of peaches supplied in each state at each price. Individual and Market Supply of Peaches Quantity of Peaches Supplied (pounds) Price (dollar s per pound ) GA SC Market \$10 20,000 18,000 38,000 38,000 Correct 8 16,000 15,000 31,000 31,000 Correct 6 12,000 12,000 24,000 24,000 Correct 4 8,000 9,000 17,000 17,000 Correct 2 4,000 6,000 10,000 10,000 Correct Instructions: Enter your answers as a whole number. a. In the table, complete the column labeled “Market.” b. How many pounds of peaches will be supplied to the market when the price is \$6 per pound?
Explanation a. To find the market quantities supplied at each price, you add the GA quantity and the SC quantity at each price. This amount is the market quantity, which is the value entered into the "Market" column of the table. For example, at a price of \$10, the GA quantity is 20,000 and the SC quantity is 18,000. Therefore, the market quantity at \$10 is 20,000 + 18,000 = 38,000. In understanding and analyzing "market supply," we focus on how much all firms are willing and able to supply at different prices.
All else being equal, if the law of supply states that as the price of a good, service, or resource rises the quantity supplied will increase, which explains the shape of the supply curve. All else being equal, if the price of a product decreases, we would expect quantity supplied to decrease. Use the figure below to answer the following question. The figure above shows three supply curves for wheat. Which of the following would cause the quantity of wheat supplied to decrease from point b to point a ? rev: 05_02_2018 Multiple Choice a decrease in the price of wheat When economists say that the supply for a product has decreased, they mean that the supply curve has shifted to the left. Use the figure below to answer the following question.
The diagram shows three supply curves for cars today. Which of the following would cause the supply of cars to shift from S 1 to S 2 ?
Use the figure below to answer the following question. The figure above shows three supply curves for wheat. Which of the following would cause the quantity of wheat supplied to increase from point a to point b ?
Which one of the following is not assumed to be constant when the supply curve for a product is drawn?
Use the figure below to answer the following question.
The figure shows three supply curves for wheat. Which of the following would cause the supply of wheat to shift from S 1 to S2 ?
Use the figure below to answer the following question. The diagram above shows three supply curves for apples. A movement from point a to point b is caused by a change in the price of apples in the market. The vertical axis of a graph that shows a market supply curve indicates the prices at which firms would be willing and able to sell their different products. Which of the following statements is true about supply?
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