Use the figure shown to answer the question.
Two supply curves

According to each supply curve, what quantities would be produced at $\$ 30$ ?

Choose 1 answer:
(A)
\begin{tabular}{|ll|}
\hline$Q_{S}$ on $S_{1}$ & $Q_{S}$ on $S_{2}$ \
\hline 0 & 30 \
\hline
\end{tabular}
(B)
\begin{tabular}{|ll|}
\hline$Q_{S}$ on $S_{1}$ & $Q_{S}$ on $S_{2}$ \
\hline 30 & 30 \
\hline
\end{tabular}
(C)
\begin{tabular}{|ll|}
\hline$Q_{S}$ on $S_{1}$ & $Q_{S}$ on $S_{2}$ \
\hline 0 & 0 \
\hline
\end{tabular}
(D)
\begin{tabular}{|ll|}
\hline$Q_{S}$ on $S_{1}$ & $Q_{S}$ on $S_{2}$ \
\hline 30 & 10 \
\hline
\end{tabular}
(E)
\begin{tabular}{|ll|}
\hline$Q_{S}$ on $S_{1}$ & $Q_{S}$ on $S_{2}$ \
\hline 40 & 0 \
\hline
\end{tabular}

Question

Use the figure shown to answer the question.
Two supply curves

According to each supply curve, what quantities would be produced at $\$ 30$ ?

Choose 1 answer:
(A)
\begin{tabular}{|ll|}
\hline$Q_{S}$ on $S_{1}$ & $Q_{S}$ on $S_{2}$ \
\hline 0 & 30 \
\hline
\end{tabular}
(B)
\begin{tabular}{|ll|}
\hline$Q_{S}$ on $S_{1}$ & $Q_{S}$ on $S_{2}$ \
\hline 30 & 30 \
\hline
\end{tabular}
(C)
\begin{tabular}{|ll|}
\hline$Q_{S}$ on $S_{1}$ & $Q_{S}$ on $S_{2}$ \
\hline 0 & 0 \
\hline
\end{tabular}
(D)
\begin{tabular}{|ll|}
\hline$Q_{S}$ on $S_{1}$ & $Q_{S}$ on $S_{2}$ \
\hline 30 & 10 \
\hline
\end{tabular}
(E)
\begin{tabular}{|ll|}
\hline$Q_{S}$ on $S_{1}$ & $Q_{S}$ on $S_{2}$ \
\hline 40 & 0 \
\hline
\end{tabular}

Accepted Answer

∻Solution∻ ‖ a ⋮ Identify the price level: The price level given is $30. ‖ ‖ b ⋮ Locate the quantity supplied on $S_1$: At $P = 30$, find the corresponding $Q$ on the supply curve $S_1$. ‖ ‖ c ⋮ Locate the quantity supplied on $S_2$: At $P = 30$, find the corresponding $Q$ on the supply curve $S_2$. ‖ ‖ d ⋮ Read the graph: For $S_1$, at $P = 30$, $Q_{S1} = 40$. For $S_2$, at $P = 30$, $Q_{S2} = 10$. ‖ ‖ e ⋮ Choose the correct answer: The quantities produced at $30$ are $Q_{S1} = 40$ and $Q_{S2} = 10$. ‖ ∻Answer∻ ⚹ (E) $Q_{S}$ on $S_{1}$ = 40, $Q_{S}$ on $S_{2}$ = 0 ⚹ ∻Key Concept∻ ⚹ Supply Curve Analysis ⚹ ∻Explanation∻ ⚹ The supply curve shows the relationship between price and quantity supplied. By locating the price on the y-axis and finding the corresponding quantity on each supply curve, we can determine the quantities supplied at that price. ⚹◊What effect would an increase in the price of a complementary good have on the quantity demanded of the good in question?⍭ Generate me a similar question◊

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