Graphically show and explain what will happen in EACH case (supply or quantity supplied).Remember to always assume ceteris paribus. Make sure you label your axis correctly.1. Assume plastic is used to make cups. What would happened to supply when there is adecrease in the price of plastic.2. A new technology is developed in producing Radio.3. Prices of telephone increases4. Black pens and green pens are substitute in production. What would happen to the quantity ofblack pens if price of green pens increase.

When the supply changes due to change in non price factors it results in increase or decrease in…

Graphically show and explain what will happen in EACH case (supply or quantity supplied). Remember to always assume ceteris paribus. Make sure you label your axis correctly. 1. Assume plastic is used to make cups. What would happened to supply when there is a decrease i in the price of plastic. 2. A new technology is developed in producing Radio. 3. Prices of telephone increases

Graphically show and explain what will happen in EACH case (supply or quantity supplied). Remember to always assume ceteris paribus. Make sure you label your axis correctly. 1. Assume plastic is used to make cups. What would happened to supply when there is a decrease i in the price of plastic. 2. A new technology is developed in producing Radio. 3. Prices of telephone increases

Managerial Economics: A Problem Solving Approach

5th Edition

ISBN:9781337106665

Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Chapter8: Understanding Markets And Industry Changes

Section: Chapter Questions

Problem 4MC

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Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
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Increase in supply usually __ the price and __ the quantity demanded.(A) lowers, lowers(B) raises, raises(C) lowers, raises(D) raises, lowers