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2.2 PRACTICE PROBLEMS 1. In a certain tomato market, 5 million kilograms are supplied annually at a price of $1 per kilograms, 7 million kilograms at a price of $2, and 9 million kilograms at a price of $3. a. Does this supply curve meet the law of supply? Why or why not? b. Draw a graph showing this market supply curve S . Plot three points to draw this curve. c. What will happen to the supply of tomatoes if (i) wages paid to farm workers rise; (ii) there is a drop in the price of corn, which can be culti- vated instead of tomatoes; (iii) there is a sudden early autumn frost before the tomatoes are harvested; (iv) a new mechanized tomato-picker is introduced that raises efficiency; (v) producers anticipate that the price of tomatoes will soon fall. d. If the quantity supplied of tomatoes doubles at every price, what will be the effect on the market supply curve? Draw this new market supply curve, S,, on your graph. Plot three points to draw this curve. 2. A drop in the price of corn affects both the market for tomatoes and for corn. a. Is the change in the corn market a change in quantity supplied or in supply? Why? b. Is the change in the tomato market a change in quantity supplied or in supply? Why