21. Correctly label the x-axIS and y-axis with the terms pice and quantity. 22 Assign values for price and quantity along each axis. Consider the numbers in your data table and the Size of your graph For example, you may want to label price in increments of 25. 23. Create a title for your graph by choosing a good or service for the data to represent. 24. Usıng the data table below, plot a supply curve and label the curve "S." 25. Add a curve to your graph that represents a DECREASE in supply Label the new curve "Sl" 26. Add another curve to your graph that represents an INCREASE in supply Label the new curve "S2." Price Quantity (in whole dollars) 10 600 15 1200 20 2100 25 3000 30 3900 35 5400 40 7200 45 9000 50 10800
21. Correctly label the x-axIS and y-axis with the terms pice and quantity. 22 Assign values for price and quantity along each axis. Consider the numbers in your data table and the Size of your graph For example, you may want to label price in increments of 25. 23. Create a title for your graph by choosing a good or service for the data to represent. 24. Usıng the data table below, plot a supply curve and label the curve "S." 25. Add a curve to your graph that represents a DECREASE in supply Label the new curve "Sl" 26. Add another curve to your graph that represents an INCREASE in supply Label the new curve "S2." Price Quantity (in whole dollars) 10 600 15 1200 20 2100 25 3000 30 3900 35 5400 40 7200 45 9000 50 10800
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:Supply Assignment - Compatibi. -
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21. Correctly label the x-axis and y-axis with the terms price and quantity
Assign values for price and quantity along each axis. Consider the numbers in your data table and the
size of your graph For example you may want to label price n increments of 25.
23. Create a title for your graph by choosinga good or service for the data to represent.
24. Using the data table below, plot a supply curve and label the curve “S."
25. Add a curve to your graph that represents a DECREASE in supply. Label the new curve "Sl
26. Add another curve to your graph that represents an INCREASE in supply. Label the new curve "S2."
Price
Quantity
(In whole dollars)
10
600
15
1200
20
2100
25
3000
30
3900
35
5400
40
7200
45
9000
50
10800
27 Using at least one factor from the ROTTEN acronym explain a situation that could have resulted in a
supply increase for the product or service you chose for your graph.
D Focu
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