9. Individual and market supply Suppose that Alex and Becky are the only suppliers of collectible...
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9. Individual and market supply Suppose that Alex and Becky are the only suppliers of collectible action figures in a particular market. The following table shows their annual supply schedules: Price (Dollars per action figure) 2 4 6 8 10 Alex's Quantity Supplied Becky's Quantity Supplied (Action figures) (Action figures) 0 8 12 14 16 8 16 22 26 28 On the following graph, plot Alex's supply of collectible action figures using the green points (triangle symbol). Next, plot Becky's supply of collectible action figures using the purple points (diamond symbol). Finally, plot the market supply of collectible action figures using the orange points (square symbol). PRICE (Dollars per action figure) 12 10 00 2 0 0 8 16 24 32 QUANTITY (Action figures) 40 48 Alex's Supply Becky's Supply Market Supply (?) 9. Individual and market supply Suppose that Alex and Becky are the only suppliers of collectible action figures in a particular market. The following table shows their annual supply schedules: Price (Dollars per action figure) 2 4 6 8 10 Alex's Quantity Supplied Becky's Quantity Supplied (Action figures) (Action figures) 0 8 12 14 16 8 16 22 26 28 On the following graph, plot Alex's supply of collectible action figures using the green points (triangle symbol). Next, plot Becky's supply of collectible action figures using the purple points (diamond symbol). Finally, plot the market supply of collectible action figures using the orange points (square symbol). PRICE (Dollars per action figure) 12 10 00 2 0 0 8 16 24 32 QUANTITY (Action figures) 40 48 Alex's Supply Becky's Supply Market Supply (?)
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