Name CHAPTER 5 S 1 Class Date ANALYZING CHARTS AND GRAPHS Supply Schedules and Supply Curves 2 ECTION On the left is a supply schedule for a company that makes headphones. On the right is a grid to create a supply curve. Supply Schedule Headphones ‘R’ Us Sets Supplied Price per Set per Month Supply Curve $60 $50 $20 5,000 $25 10,000 $30 15,000 $35 20,000 $40 25,000 $45 30,000 $10 $50 35,000 $0 $55 40,000 Price per Set $40 $30 $20 0 10,000 20,000 30,000 40,000 Sets Supplied per Month Questions to Think About Directions: Use the information on the supply schedule to answer these questions and to create a supply curve on the grid. 1. What two kinds of information are given on this supply schedule? 2. How many sets of headphones per month does the company supply at a price of $20? 3. How many headphones per month would the company supply if the price were $55 each? 4. Create a supply curve. Place a point on the graph for each price and number of sets. Connect the points to create the supply curve. 5. Describe whether the curve moves up or down from left to right. 6. Why does the supply curve move in this direction? Copyright © by Pearson Education, Inc., or its affiliates. All rights reserved. 54 50,000 60,000
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