question 9 1 pts if the price of leather used to make shoes falls such that the supply of shoes increases by…

question 9 1 pts if the price of leather used to make shoes falls such that the supply of shoes increases by 20 shoes at every price, then the amount of shoes supplied at a price of $60 before the change would be ____ pairs, and after the change, it would be ____ pairs. 120 100 80 60 40 20 0 10 20 30 40 50 60 price of shoes ($) quantity of shoes 10; 30 20; 40 30; 50 40; 60

question 9 1 pts if the price of leather used to make shoes falls such that the supply of shoes increases by 20 shoes at every price, then the amount of shoes supplied at a price of $60 before the change would be ____ pairs, and after the change, it would be ____ pairs. 120 100 80 60 40 20 0 10 20 30 40 50 60 price of shoes ($) quantity of shoes 10; 30 20; 40 30; 50 40; 60

Answer

Explanation:

Step1: Read initial quantity from graph

From the graph, when the price of shoes is $60, the initial quantity supplied is 30 pairs.

Step2: Calculate new quantity

Since the supply of shoes increases by 20 pairs at every price, the new quantity supplied at a price of $60 is $30 + 20=50$ pairs.

Answer:

30; 50