What is the reason that a supply curve is positively sloped? If the price of corn rose, a) What would be the effect on the supply of corn? b) What would be the effect on the supply of wheat? The following table shows the supply schedule for Rolling Rock Oil Co. Plot Rolling Rock’s supply curve on a graph. Price (dollars per barrel)                Quantity Supplied (barrels per month) $5                                                        10,000 10                                                        15,000 15                                                        20,000 20                                                        25,000 25                                                        30,000

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Q: $$ P R E $$ +++++ Quantity Demanded

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Q: D) Which is the current market total surplus area?

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Q: Which is the deadweight loss created by the current market situation?

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