Suppose that Paolo and Sharon are the only suppliers of pizza slices in a particular market. The following table shows their weekly supply schedules: Price (Dollars per slice) 1 E (Dollars per slice) 2 3 4 Paolo's Quantity Supplied Sharon's Quantity Supplied (Slices) (Slices) 0 5 3 4 9 12 14 15. On the following graph, plot Paolo's supply of pizza slices using the green points (triangle symbol). Next, plot Sharon's supply of pizza slices using the purple points (diamond symbol). Finally, plot the market supply of pizza slices using the orange points (square symbol). Paolo's Supply Sharon's Supply P Market Supply

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Chapter1: Making Economics Decisions
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4. Individual and market supply
Suppose that Paolo and Sharon are the only suppliers of pizza slices in a particular market. The following table shows their weekly supply schedules:
Price
(Dollars per slice)
1
RICE (Dolars per slice)
2
3
4
5
Paolo's Quantity Supplied Sharon's Quantity Supplied
(Slices)
(Slices)
0
5
2
3
4
5
9
12
14
15
On the following graph, plot Paolo's supply of pizza slices using the green points (triangle symbol). Next, plot Sharon's supply of pizza slices using the
purple points (diamond symbol). Finally, plot the market supply of pizza slices using the orange points (square symbol).
Paolo's Supply
Sharon's Supply
Market Supply
Transcribed Image Text:4. Individual and market supply Suppose that Paolo and Sharon are the only suppliers of pizza slices in a particular market. The following table shows their weekly supply schedules: Price (Dollars per slice) 1 RICE (Dolars per slice) 2 3 4 5 Paolo's Quantity Supplied Sharon's Quantity Supplied (Slices) (Slices) 0 5 2 3 4 5 9 12 14 15 On the following graph, plot Paolo's supply of pizza slices using the green points (triangle symbol). Next, plot Sharon's supply of pizza slices using the purple points (diamond symbol). Finally, plot the market supply of pizza slices using the orange points (square symbol). Paolo's Supply Sharon's Supply Market Supply
On the following graph, plot Paolo's supply of pizza slices using the green points (triangle symbol). Next, plot Sharon's supply of pizza slices using the
purple points (diamond symbol). Finally, plot the market supply of pizza slices using the orange points (square symbol).
PRICE (Dollars per slice)
5
0
8
12
16
QUANTITY (Slices)
20
24
Paolo's Supply
Sharon's Supply
-0-
Market Supply
Transcribed Image Text:On the following graph, plot Paolo's supply of pizza slices using the green points (triangle symbol). Next, plot Sharon's supply of pizza slices using the purple points (diamond symbol). Finally, plot the market supply of pizza slices using the orange points (square symbol). PRICE (Dollars per slice) 5 0 8 12 16 QUANTITY (Slices) 20 24 Paolo's Supply Sharon's Supply -0- Market Supply
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