The table given below represents the supply schedules of the only three DVD producers in the market for DVDs. Table 3.2
According to Table 3.2, if the supply schedules 1, 2, and 3 are the market supply schedules for DVDs in three different time periods, what could explain the change from the Supply 1 schedule to the Supply 2 schedule?

Question

The table given below represents the supply schedules of the only three DVD producers in the market for DVDs. Table 3.2
 According to Table 3.2, if the supply schedules 1, 2, and 3 are the market supply schedules for DVDs in three different time periods, what could explain the change from the Supply 1 schedule to the Supply 2 schedule?

Quizplus · Accepted Answer

The change from Supply 1 schedule to Supply 2 schedule could be explained by an increase in the cost of producing DVDs, which would cause the producers to supply a lower quantity at every price level.

The Table Given Below Represents the Supply Schedules of the Only