When you make a graph of a supply curve, what do you measure on the y-axis? How does Aqua's quantity supplied change as the price of bottled water rises?A graph of the supply curve measures the ____ on the y-axis, and when the price of bottled water rises, Aqua's quantity supplied _____.A. Price of the good; increasesB. quantiy supplied; increasesC. quantity supplied; does not changeD. price of the good; decreases To graph the supplyschedule, we label theaxes. The x-axis measuresthe quantity supplied asthousands of bottles perday and the y-axismeasures the price asdollars per bottle.Now plot the quantitysupplied at each price.CNow draw Aqua'ssupply curve.The supply curve showsthe relationship betweenthe quantity suppliedand price, other thingsremaining the same.Quantity(thousands ofbottles per day)A 3B 2C 1D 0ResetPrice(dollarsper bottle)2.001.501.000.50Price (dollars per bottle)2.502.001.501.000.50OSupplycurveB123Quantity (thousands of bottles per day)

A supply curve shows the relationship between the quantity supplied and the price of the good. The…

When you make a graph of a supply curve, what do you measure on the y-axis? How does Aqua's quantity supplied change as the price of bottled water rises? A graph of the supply curve measures the ____ on the y-axis, and when the price of bottled water rises, Aqua's quantity supplied _____. A. Price of the good; increases B. quantiy supplied; increases C. quantity supplied; does not change D. price of the good; decreases

When you make a graph of a supply curve, what do you measure on the y-axis? How does Aqua's quantity supplied change as the price of bottled water rises? A graph of the supply curve measures the on the y-axis, and when the price of bottled water rises, Aqua's quantity supplied _. A. Price of the good; increases B. quantiy supplied; increases C. quantity supplied; does not change D. price of the good; decreases

MACROECONOMICS

14th Edition

ISBN:9781337794985

Author:Baumol

Publisher:Baumol

Chapter4: Supply And Demand: An Initial Look

Section: Chapter Questions

Problem 3TY

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Question 3 According to the law of demand, what is the relationship between price and quantity demanded? O no relationship O inverse O direct Question 10 Refer to the following graph. The demand curve slopes downward because Meredih Demand Care fr San Price iper pend sa ae Incress Price 3.00 S7.50 $5.00 ... Qey nds Dere Salmen Boraphy Cick to view larger image. O prices and quantity demanded remain unchanged. O prices and quantity demanded move in the same direction O prices and quantity demanded have no relationship. O prices and quantity demanded move in opposite directions 1 pts Question 11 because it is driven by the law of supply. Refer to the following graph. The supply curve is he s7 0.00 SA00 Click to view.larger imare. O perfectly vertical O perfectly horizontal O downward sloping O upward sloping Question 12 Refer to the following image. When a market is in equilibrium, which of the following is true? Phice Click to view larger image O Quantity supplied exceeds quantity…