Study the following graphs and answer the questions following. (Don't forget that
price is always the verticle value and when there are more than one curve
that the upper curve shows less supply.)
Graph 1
		10
		8						B
$		6
		4			A
		2
			1	5	10	15	20	25
					pies
	1. Does this graph show a change in Supply (s) or a change in Quantity Supply (qs)?
	2. Explain the difference between values A and B. How many pies were were produced at what price?
Graph 2
							S1
		10							S2
		8
$		6
		4
		2
			1	5	10	15	20	25
				pies
	3. Does this graph show a change in Supply (S) or a change in Quantity Supply (qs)?
	4. If the two supply curves indicate the production of strawberry pies, explain the
	difference if the production factor involved the cost of strawberries.
	5. Does the price of the pies make any difference at all in the two curves?
Graph 3
							S1
		10							S2
		8
$		6
		4
		2
			1	5	10	15	20	25
				pies
	6. Does this graph show a change in Supply (s) or a change in Quantity Supply (qs)?
	7. If the two supply curves indicate the production of strawberry pies, provide a
	possible explanation of these two curves if technology were a factor in production.
	8. This graph suggests what about producing strawberry pies?
Graph 4
						S2
		10							S1
		8
$		6
		4
		2
			1	5	10	15	20	25
				pies
	9. Does this graph show a change in Supply (s) or a change in Quantity Supply (qs)?
	10. If S1 represents the production of strawberry pies before 9/11/2001
	and S2 after 9/11, what possible production factor could account for this difference?
	11. If S1 represents the use of frozen strawberries and S2 the use of fresh strawberries
	what conclusions can you draw as a producer of pies?
Graph 5
		10
		8
$		6
		4
		2
			1	5	10	15	20	25
				pies
	12. Does this graph show a change in Supply (s) or a change in Quantity Supply (qs)?
	13. Does price greatly affect the production of these pies? What circumstance could
	account for this curve?
	14. Does this graph best show elasticity or inelasticity of quantity supplied?
Graph 6
		10
		8
$		6
		4
		2
			1	5	10	15	20	25
				pies
	15. Does this graph show a change in Supply (s) or a change in Quantity Supply (qs)?
	16. Does price greatly affect the production of these pies? What circumstance could
	account for this curve?
	17. Does this graph best show elasticity or inelasticity of quantity supplied?