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Place the orange line (square symbol) on the following graph to show the most likely short-run supply curve for apricots. (Note: Place the points of the line either on F and W or on F and N.)

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter4: Demand, Supply, And Market Equilibrium

Section: Chapter Questions

Problem 20P

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Question

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The following graph shows the long-run supply curve for apricots.
Place the orange line (square symbol) on the following graph to show the most likely short-run supply curve for apricots. (Note: Place the points of
the line either on F and W or on F and N.)
12
10
W
Short-Run Supply
8
F
Long-Run Supply
2
4
8
10
12
QUANTITY (Thousands of pounds of apricots)
PRICE (Dollars per pound)

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The Short-Run Supply curve for apricots is shown by the orange line.

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