nouily al rices is depicted in the following table. Draw the supply curve of each individual and arket supply. Take a picture of your diagrams and upload with your answer. Market sup el us assume an nomy Iirms A, B and C whose supply ol a A's supply B's supply C's supply 1 4 3 4 8 6 10

If the price of a lottery ticket is $8,2 million lottery tickets a year are bought. Draw a point at this combination of price and quantity. If the price of a lottery ticket falls to $2, 10 million lottery tickets are bought. Draw a point at this combination of price and quantity. Draw a demand curve for lottery tickets that is consistent with this information. Label the curve. COD 10- 8- 6- st 2- Price (dollars per lottery ticket) 10 Quantity (millions of lottery tickets per year) >>> Draw only the objects specified in the question.

One of the largest changes in the economyo ver the past several decades is that technologicaladvances have reduced the cost of makingcomputers.a. Draw a supply-and-<lcmand diagram to showwhat happened to price_, quantity, consumersurplus, and producer surplus in the market forcomputers.b. forty years ago, students used typewriters toprepare papers for their classes; today theyusc computers. Docs that make computers andtypewriters complements or substitutes? Usca supply-and--demand diagram to show whathappened to p rice, quantity, consumer surplus_,and producer surplus in the market for typewriters.Should typewriter producers have beenhappy or sad about the technological advance incomputers?c. Arc computers and software complements orsubstitutes? Draw a supply-and-demand diagramto show what happened to price, quantity,consumer surplus, and producer surplus in themarket for software. Should software producershave been happy or sad about the technologicaladvance in computers?d. Docs…

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