The market supply of lettuce in a small town is shown in the table below. Market...

 

Transcribed Image Text:

The market supply of lettuce in a small town is shown in the table below. Market Supply of Lettuce Price (dollars) $3.00 2.50 2.00 1.50 1.00 0.50 Quantity of Lettuce Supplied (heads) Initial 240 200 160 120 80 40 New Instructions: Enter your answers as a whole number. a. Suppose there is a decrease in the cost of renting land that allows lettuce growers to produce 50 more heads of lettuce at each price. Find the new quantities supplied at each price, and then complete the new supply schedule in the table. heads of lettuce and the new quantity supplied is b. At a price of $1.50 per head of lettuce, the original quantity supplied was heads of lettuce. The market supply of lettuce in a small town is shown in the table below. Market Supply of Lettuce Price (dollars) $3.00 2.50 2.00 1.50 1.00 0.50 Quantity of Lettuce Supplied (heads) Initial 240 200 160 120 80 40 New Instructions: Enter your answers as a whole number. a. Suppose there is a decrease in the cost of renting land that allows lettuce growers to produce 50 more heads of lettuce at each price. Find the new quantities supplied at each price, and then complete the new supply schedule in the table. heads of lettuce and the new quantity supplied is b. At a price of $1.50 per head of lettuce, the original quantity supplied was heads of lettuce.

Answer rating: 100% (QA)

There is a decrease in le there growers to produce price So Price 300 250 100 150 10... View the full answer