The following table shows the supply schedules for Rolling Rock and two other petroleum companies. Armadillo Oil
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The following table shows the supply schedules for Rolling Rock and two other petroleum companies. Armadillo Oil and Pecos Petroleum. Assuming these three companies make up the entire supply side of the oil market, complete the market supply schedule and draw the market supply curve on agraph.
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Quantity Supplied (barrels per month) Price (dollars per barre S5 10 15 20 25 Rolling Rock Armadillo Oil Market 10,000 15,000 20,000 25,000 30,000 8,000 10,000 12,000 14,000 16,000 Pecos Petroleum 2,000 5,000 8,000 11,000 14,000
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