The following graph shows the short-run supply curve for pears. Place the orange line (square symbol) on the graph to show the most likely long-run supply curve for pears. (Note: Place the points of the line either on Q and 3 or on Q and C.) PRICE (Dolars per pound) 8 A O BO Short-Run Supply 1 Long-Run Supply ?

Exploring Economics
8th Edition
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:Robert L. Sexton
Chapter4: Demand, Supply, And Market Equilibrium
Section: Chapter Questions
Problem 14P
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PRICE (Dollars per pound)
48
40
32
24
16
8
0
0
2
O
6
8
10
QUANTITY (Thousands of pounds of pears)
^
Short-Run Supply
12
1
Long-Run Supply
Transcribed Image Text:PRICE (Dollars per pound) 48 40 32 24 16 8 0 0 2 O 6 8 10 QUANTITY (Thousands of pounds of pears) ^ Short-Run Supply 12 1 Long-Run Supply
The following graph shows the short-run supply curve for pears.
Place the orange line (square symbol) on the graph to show the most likely long-run supply curve for pears. (Note: Place the points of the line either
on Q and 3 or on Q and C.)
9
PRICE (Dollars per pound)
2
A
32
o
D
Short-Run Supply
10
12
-
Long-Run Supply
?
Transcribed Image Text:The following graph shows the short-run supply curve for pears. Place the orange line (square symbol) on the graph to show the most likely long-run supply curve for pears. (Note: Place the points of the line either on Q and 3 or on Q and C.) 9 PRICE (Dollars per pound) 2 A 32 o D Short-Run Supply 10 12 - Long-Run Supply ?
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