Question: Your manager requests your help on a marketing research project they are conducting on the relationship between the price of beer and the quantity of

Your manager requests your help on a marketing research project they are conducting on the relationship between the price of beer and the quantity of beer supplied. They hand you the following document:

Price of Beer Quantity of Beer Supplied
(Dollars per can) (Billions of cans)
0.50 750
0.75 1,000
1.00 1,500
1.25 2,000

our task is to take this (law of supply/supply curve/ supply schedule/ quantity of beer supplied) and construct a graphical representation of the data. In doing so, you determine that as the price of beer rises, the quantity of beer supplied increases. This confirms the (law of supply/supply curve/ supply schedule/ quantity of beer supplied).

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