а. Suppose in a market of confectioneries, there are only four suppliers; Delizia, Sachas, La Farine and Pie in the Sky. Using the data in give Table and answer the following the questions using completely labeled graph for each part. Price Delizia Qs Sachas Qs La Farine Qs Pie in the Sky Qs 10 50 100 300 650 20 100 200 600 1,300 30 150 300 900 1,950 40 200 400 1,200 2,600 50 250 500 1,500 3,250 i) Derive the market supply at given price levels. Also, illustrate it graphically and label it. Suppose the technology improvement has increased the output in the confectionery market by 100 units by every firm at each price level. Identify the change in the supply and also, illustrate it graphically and label it. ii)
а. Suppose in a market of confectioneries, there are only four suppliers; Delizia, Sachas, La Farine and Pie in the Sky. Using the data in give Table and answer the following the questions using completely labeled graph for each part. Price Delizia Qs Sachas Qs La Farine Qs Pie in the Sky Qs 10 50 100 300 650 20 100 200 600 1,300 30 150 300 900 1,950 40 200 400 1,200 2,600 50 250 500 1,500 3,250 i) Derive the market supply at given price levels. Also, illustrate it graphically and label it. Suppose the technology improvement has increased the output in the confectionery market by 100 units by every firm at each price level. Identify the change in the supply and also, illustrate it graphically and label it. ii)
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
![a.
Suppose in a market of confectioneries, there are only four suppliers; Delizia, Sachas, La Farine and
Pie in the Sky. Using the data in give Table and answer the following the questions using completely
labeled graph for each part.
Price
Delizia Qs
Sachas Qs
La Farine Qs
Pie in the Sky Qs
10
50
100
300
650
20
100
200
600
1,300
30
150
300
900
1,950
40
200
400
1,200
2,600
50
250
500
1,500
3,250
i)
Derive the market supply at given price levels. Also, illustrate it graphically and label it.
ii)
Suppose the technology improvement has increased the output in the confectionery market by 100
units by every firm at each price level. Identify the change in the supply and also, illustrate it graphically
and label it](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F805c2602-6d6b-4fd8-b481-e9d955360e51%2F747d2b85-a189-408f-8343-7a966d46e200%2Fr0qpmyd_processed.jpeg&w=3840&q=75)
Transcribed Image Text:a.
Suppose in a market of confectioneries, there are only four suppliers; Delizia, Sachas, La Farine and
Pie in the Sky. Using the data in give Table and answer the following the questions using completely
labeled graph for each part.
Price
Delizia Qs
Sachas Qs
La Farine Qs
Pie in the Sky Qs
10
50
100
300
650
20
100
200
600
1,300
30
150
300
900
1,950
40
200
400
1,200
2,600
50
250
500
1,500
3,250
i)
Derive the market supply at given price levels. Also, illustrate it graphically and label it.
ii)
Suppose the technology improvement has increased the output in the confectionery market by 100
units by every firm at each price level. Identify the change in the supply and also, illustrate it graphically
and label it
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