Consider the following supply table, which represents the supply of comic books by Bill, Judy, and Sally. $$\begin{array} { | l | r | r | r | r | r | }
\hline & \begin{array} { c }
\text { Price } \
\text { (in \$) }
\end{array} & \begin{array} { c }
\text { Bill's } \
\text { Supply }
\end{array} & \begin{array} { c }
\text { Judy's } \
\text { Supply }
\end{array} & \begin{array} { c }
\text { Sally's } \
\text { Supply }
\end{array} & \begin{array} { c }
\text { Market } \
\text { Supply }
\end{array} \
\hline \text { A } & \$ 2 & 0 & 9 & 1 & \
\hline \text { B } & 4 & 0 & 2 & 2 & \
\hline \text { C } & 6 & 0 & 4 & 3 & \
\hline \text { D } & 8 & 0 & 5 & 4 & \
\hline \text { E } & 10 & 0 & 6 & 5 & \
\hline \text { F } & 12 & 0 & 7 & 6 & \
\hline \text { G } & 14 & 2 & 8 & 6 & \
\hline \text { H } & 16 & 4 & 10 & 6 & \
\hline
\end{array}$$ (a) Fill in the "market supply" column of the above table.
(b) Use the grid below to draw the supply curves for comic books of Bill, Judy, and Sally. Then draw in the market supply curve. (c) Compare the supply curve you have drawn for Sally and Judy. Which of these two is more influenced by increases in the price of comic books? Explain.

Question

Consider the following supply table, which represents the supply of comic books by Bill, Judy, and Sally. $$\begin{array} { | l | r | r | r | r | r | } 
\hline & \begin{array} { c } 
\text { Price } \
\text { (in \$) }
\end{array} & \begin{array} { c } 
\text { Bill's } \
\text { Supply }
\end{array} & \begin{array} { c } 
\text { Judy's } \
\text { Supply }
\end{array} & \begin{array} { c } 
\text { Sally's } \
\text { Supply }
\end{array} & \begin{array} { c } 
\text { Market } \
\text { Supply }
\end{array} \
\hline \text { A } & \$ 2 & 0 & 9 & 1 & \
\hline \text { B } & 4 & 0 & 2 & 2 & \
\hline \text { C } & 6 & 0 & 4 & 3 & \
\hline \text { D } & 8 & 0 & 5 & 4 & \
\hline \text { E } & 10 & 0 & 6 & 5 & \
\hline \text { F } & 12 & 0 & 7 & 6 & \
\hline \text { G } & 14 & 2 & 8 & 6 & \
\hline \text { H } & 16 & 4 & 10 & 6 & \
\hline
\end{array}$$ (a) Fill in the "market supply" column of the above table.
(b) Use the grid below to draw the supply curves for comic books of Bill, Judy, and Sally. Then draw in the market supply curve.  (c) Compare the supply curve you have drawn for Sally and Judy. Which of these two is more influenced by increases in the price of comic books? Explain.

Quizplus · Accepted Answer

The Answer of Consider the following supply table, which represents the supply of comic books by Bill, Judy, and Sally. $$\begin{array} { | l | r | r | r | r | r | } 
\hline & \begin{array} { c } 
\text { Price } \
\text { (in \$) }
\end{array} & \begin{array} { c } 
\text { Bill's } \
\text { Supply }
\end{array} & \begin{array} { c } 
\text { Judy's } \
\text { Supply }
\end{array} & \begin{array} { c } 
\text { Sally's } \
\text { Supply }
\end{array} & \begin{array} { c } 
\text { Market } \
\text { Supply }
\end{array} \
\hline \text { A } & \$ 2 & 0 & 9 & 1 & \
\hline \text { B } & 4 & 0 & 2 & 2 & \
\hline \text { C } & 6 & 0 & 4 & 3 & \
\hline \text { D } & 8 & 0 & 5 & 4 & \
\hline \text { E } & 10 & 0 & 6 & 5 & \
\hline \text { F } & 12 & 0 & 7 & 6 & \
\hline \text { G } & 14 & 2 & 8 & 6 & \
\hline \text { H } & 16 & 4 & 10 & 6 & \
\hline
\end{array}$$ (a) Fill in the "market supply" column of the above table.
(b) Use the grid below to draw the supply curves for comic books of Bill, Judy, and Sally. Then draw in the market supply curve.  (c) Compare the supply curve you have drawn for Sally and Judy. Which of these two is more influenced by increases in the price of comic books? Explain.

Consider the Following Supply Table, Which Represents the Supply of Comic