A rise in household income and a rise in the number of plantations Picture The graph shows the supply curve of running shoes. Draw a new supply curve that shows what happens in the market for running shoes if the wage rate of workers who make running shoes rises but all other influences on selling plans remain the same.
Draw a demand curve and a supply curve using the numbers in the table. Label the curves. Draw a point to show the equilibrium price and equilibrium quantity.
Draw a supply curve of smartphones. Label it. Use any prices and quantities you wish but make your supply curve obey the law of supply. Then draw an arrow to indicate what happens to the quantity of smartphones supplied when the price of a smartphone rises.
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