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 answers:
A \begin{tabular}{ll}
$Q_{S}$ on $S_{1}$ & $Q_{S}$ on $S_{2}$ \
\hline 30 & 10
\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 answers:
A \begin{tabular}{ll}
$Q_{S}$ on $S_{1}$ & $Q_{S}$ on $S_{2}$ \
\hline 30 & 10
\end{tabular}

Accepted Answer

∻Solution by Steps∻ ‖ step 1 ⋮ To determine the quantities produced at $30 for both supply curves S1 and S2, we need to find the points on the graph where the price level of $30 intersects with the supply curves S1 and S2. ‖ ‖ step 2 ⋮ Locate the point on the graph where the price level $P = $30 intersects with the supply curve S1. This point gives us the quantity $Q_{S1}$ supplied at that price level for S1. ‖ ‖ step 3 ⋮ Similarly, locate the point on the graph where the price level $P = $30 intersects with the supply curve S2. This point gives us the quantity $Q_{S2}$ supplied at that price level for S2. ‖ ‖ step 4 ⋮ Read the quantities from the graph for both S1 and S2 at the price level of $30. The quantities are the horizontal coordinates of the intersection points from steps 2 and 3. ‖ ∻Answer∻ ‖ The quantities produced at $30 for supply curves S1 and S2 are read directly from the graph at the intersection points with the price level of $30. Without the actual graph, we cannot provide the specific quantities. However, based on the OCR model's interpretation, the answer provided in the question suggests that the quantities are 30 for S1 and 10 for S2. ‖ ***A*** ∻Key Concept∻ ⚹Interpreting Supply Curves⚹ ∻Explanation∻ ⚹The key concept in determining the quantity supplied at a given price from a supply curve is to find the intersection point of the price level with the supply curve on a graph. The quantity is the horizontal coordinate of this intersection point.⚹◊What formula can be used to calculate the quantity supplied at a given price on a supply curve?⍭ Generate me a similar question◊$

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