Santiago is a new analyst working to create a supply curve graph. His boss at Legoland asked him to create one to highlight the historical relationship of the price of park tickets and the quantity supplied. Santiago put the identified ticket prices and quantities in a table. He is about to create the graph, but is double checking with you since you've created one before. Santiago has put the prices on the x-axis and the quantity supplied on the y-axis. What would you tell him to do next? Plot these points as a demand curve graph sloping down to the right with price on the y-axis and quantity supplied on the x-axis. Plot these points on a graph with graph sloping up to the right keeping quantity supplied on the y-axis and price on the x-axis. on the x-axis Plot these points on a graph sloping up to the right Coffee from Colombia last year was supplied at $9 per 10 pounds. This year the demand has decreased and that same supply of Colombia coffee is priced at 56 per 10 pounds. What will happen to supply of Colombian coffee this year? 

Answer rating: 100% (QA)

I would advise Santiago to plot the points on a gr... View the full answer