The market supply of lettuce in a small town is shown in the table below.Market Supply of Lettuce.Price(dollars)$3.002.502.001.501.008.50Quantity of LettuceSupplied (heads)Initial18014010060200NewInstructions: Enter your answers as a whole number.a. Suppose there is a decrease in the cost of renting land that allows lettuce growers to produce 50 more heads of lettuce at eachprice. Find the new quantities supplied at each price, and then complete the new supply schedule in the table.heads of lettuce and the new quantity supplied isb. At a price of $1.50 per head of lettuce, the original quantity supplied was [heads of lettuce

We have given the market supply of lettuce in a small town. There is a decrease in the cost of…

The market supply of lettuce in a small town is shown in the table below. Market Supply of Lettuce. Price (dollars) $3.00 2.50 2.00 1.50 1.00 8.50 Quantity of Lettuce Supplied (heads) Initial 180 140 100 60 20 0 New mstructions: Enter your answers as a whole number.

The market supply of lettuce in a small town is shown in the table below. Market Supply of Lettuce. Price (dollars) $3.00 2.50 2.00 1.50 1.00 8.50 Quantity of Lettuce Supplied (heads) Initial 180 140 100 60 20 0 New mstructions: Enter your answers as a whole number.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

The market supply of lettuce in a small town is shown in the table below.
Market Supply of Lettuce.
Price
(dollars)
$3.00
2.50
2.00
1.50
1.00
8.50
Quantity of Lettuce
Supplied (heads)
Initial
180
140
100
60
20
0
New
Instructions: Enter your answers as a whole number.
a. Suppose there is a decrease in the cost of renting land that allows lettuce growers to produce 50 more heads of lettuce at each
price. Find the new quantities supplied at each price, and then complete the new supply schedule in the table.
heads of lettuce and the new quantity supplied is
b. At a price of $1.50 per head of lettuce, the original quantity supplied was [
heads of lettuce

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