Kami Export - Assignment 5 PDF

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Description

Name

CHAPTER

5

Class

Date

ANALYZING CHARTS AND GRAPHS

Supply Schedules and Supply Curves

2

SECTION 1 On the left is a supply schedule for a company that makes headphones. On the right is a grid to create a supply curve. Supply Schedule Headphones ‘R’ Us Sets Supplied Price per Set per Month

Supply Curve $60

$50

$20

5,000

$25

10,000

$30

15,000

$35

20,000

$40

25,000

$45

30,000

$10

$50

35,000

$0

$55

40,000

Price per Set

$40 $30

$20

0

10,000

20,000

30,000

40,000

50,000

60,000

Sets Supplied per Month

Questions to Think About Directions: Use the information on the supply schedule to answer these questions and to create a supply curve on the grid. 1. What two kinds of information are given on this supply schedule? The 2 kinds are the Set supplied of headphones per month and the price per set. 2. How many sets of headphones per month does the company supply at a price of $20?

The amount at $20 is 5000 headphones.

3. How many headphones per month would the company supply if the price were $55 each?

The amount at $55 is 40000 headphones.

4. Create a supply curve. Place a point on the graph for each price and number of sets. Connect the points to create the supply curve.

5. Describe whether the curve moves up or down from left to right. The curve is moving up from left to right. 6. Why does the supply curve move in this direction? Because as money increased, the supply demand increases as well . Copyright © by Pearson Education, Inc., or its affiliates. All rights reserved.

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