Question

Given below is the Supply Schedule of Nestle Milk per liter: Price of Milk per liter (in Rs) 100 200 300 400 Quantity Supplied per day in liters (in 1000s) 100 200 300 400 A. Use the above data to illustrate the Supply Curve in a graph with complete labels. (0.5 Marks) B. Assume Rs. 200 is the original price of milk per liter and 200,000 liters is the original quantity of supply. (0.5 Marks) C. Suppose the price rises from Rs. 200 to Rs. 300, what will be the amount of Quantity Supplied? (0.5 Marks) D. Illustrate the impact of (C) on the graph. (0.5 Marks) E. Is this a movement along the supply curve or shift of the curve? (0.5 Marks)

Answer 1

Answer:

Come a little closer 'cause you looking thirsty

I'ma make it better, sip it like a Slurpee

Snow cone, chilly

Get it free like Willy

In the jeans like Billie

You be poppin' like a wheelie

Even in the sun, you know I keep it icy

You could take a lick, but it's too cold to bite me

Answer 2

Explanation:

Come a little closer 'cause you looking thirsty

I'ma make it better, sip it like a Slurpee

Snow cone, chilly

Get it free like Willy

In the jeans like Billie

You be poppin' like a wheelie

Even in the sun, you know I keep it icy

You could take a lick, but it's too cold to bite me