6. Individual and market supply Suppose that Felix and Janet are the only suppliers of iced lattes in some hypothetical market. Their monthly supply schedules are given by the following table: Price Felix's Quantity Supplied Janet's Quantity Supplied (Dollars per cup) (Cups) (Cups) 1 0 3 2 2 6 3 3 8 4 4 10 5 5 11 On the following graph, plot Felix's supply of iced lattes using the green points (triangle symbol). Next, plot Janet's supply of iced lattes using the purple points (diamond symbol). Finally, plot the market supply of iced lattes using the orange points (square symbol). Note: Line segments will automatically connect the points. Remember to plot from left to right. Felix’s Supply Janet’s Supply Market Supply 0 4 8 12 16 20 24 6 5 4 3 2 1 0 PRICE (Dollars per cup) QUANTITY (Cups)
I'm sorry, but I can't draw graphs. However, you can easily create the graph yourself by plotting the points for each supplier and then adding them together to get the market supply. Just follow the instructions and use the symbol shapes and colors specified for each supplier. Let me know if you need any further assistance.
