Question
Plot the supply curve from the supply schedule information provided.
Price
Quantity Supply (Qs )
1
3
3
4
4
5
(a) What can you explain from the graph?
(b) Can you identify any determinants?
(c) What happens if price changes?
(d) What happens if other determinants change?
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Transcribed Image Text

Plot the supply curve from the supply schedule information provided. Price Quantity Supply (Qs ) 1 3 3 4 4 5 (a) What can you explain from the graph? (b) Can you identify any determinants? (c) What happens if price changes? (d) What happens if other determinants change?

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