use the graph to answer the question that follows. what happens to the total quantity supplied when the…

use the graph to answer the question that follows. what happens to the total quantity supplied when the price of the product drops below $100? it will be more than 100 units. it will be less than 100 units. it will be exactly 100 units. it will be exactly 0 units.

use the graph to answer the question that follows. what happens to the total quantity supplied when the price of the product drops below $100? it will be more than 100 units. it will be less than 100 units. it will be exactly 100 units. it will be exactly 0 units.

Answer

Explanation:

Step1: Analyze supply - price relationship

In a typical supply - curve graph, supply is positively related to price.

Step2: Observe given graph

The graph shows that at a price of $100, the quantity supplied is 100 units.

Step3: Determine quantity supplied at lower price

As price drops below $100, according to the upward - sloping supply curve, the quantity supplied will decrease. So it will be less than 100 units.

Answer:

It will be less than 100 units.