The market supply of lettuce in a small town is shown in the table below. Supply of Lettuce Quantity of Lettuce Supplied (heads) Price (dollars per head) Initial New $4.00 400 3.50 300 3.00 200 2.50 100 Instructions: Enter your answers as a whole number. a. Suppose an increase in the cost of water decreases production of lettuce heads by 30% at every price. Complete the new supply schedule in the table above. b. At a price of $3.50 per head of lettuce, the original quantity supplied was heads of lettuce and the new quantity supplied is heads of lettuce.
The market supply of lettuce in a small town is shown in the table below. Supply of Lettuce Quantity of Lettuce Supplied (heads) Price (dollars per head) Initial New $4.00 400 3.50 300 3.00 200 2.50 100 Instructions: Enter your answers as a whole number. a. Suppose an increase in the cost of water decreases production of lettuce heads by 30% at every price. Complete the new supply schedule in the table above. b. At a price of $3.50 per head of lettuce, the original quantity supplied was heads of lettuce and the new quantity supplied is heads of lettuce.
Chapter4: Demand, Supply, And Market Equilibrium
Section: Chapter Questions
Problem 20P
Related questions
Question
help please answer in text form with proper workings and explanation for each and every part and steps with concept and introduction no AI no copy paste remember answer must be in proper format with all working
![The market supply of lettuce in a small town is shown in the table below.
Supply of Lettuce
Quantity of Lettuce
Supplied (heads)
Price (dollars per
head)
Initial
New
$4.00
400
3.50
300
3.00
200
2.50
100
Instructions: Enter your answers as a whole number.
a. Suppose an increase in the cost of water decreases production of lettuce heads by 30% at every price. Complete the new supply
schedule in the table above.
b. At a price of $3.50 per head of lettuce, the original quantity supplied was
heads of lettuce and the new quantity supplied is
heads of lettuce.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F02c37f86-fc0f-4fa3-8d88-c150bb01abf7%2F412619a2-f2d0-4ef0-84a4-bcb11cf1b1bd%2F7lvo4kr_processed.jpeg&w=3840&q=75)
Transcribed Image Text:The market supply of lettuce in a small town is shown in the table below.
Supply of Lettuce
Quantity of Lettuce
Supplied (heads)
Price (dollars per
head)
Initial
New
$4.00
400
3.50
300
3.00
200
2.50
100
Instructions: Enter your answers as a whole number.
a. Suppose an increase in the cost of water decreases production of lettuce heads by 30% at every price. Complete the new supply
schedule in the table above.
b. At a price of $3.50 per head of lettuce, the original quantity supplied was
heads of lettuce and the new quantity supplied is
heads of lettuce.
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