If the price of a coffee maker rises from $40 to $80, while all other influences
ID: 1142901 • Letter: I
Question
If the price of a coffee maker rises from $40 to $80, while all other influences on selling plans are unchanged, the quantity of coffee makers supplied:
The figure shows the supply curve of coffee makers Price (dollars per coffee maker) 10 If the price of a coffee maker rises from $40 to $80, while all other influences on selling plans are unchanged, the quantity of coffee makers supplied 80- O A. decreases from 16 million to 8 million OB. decreases by an unknown amount ° C. increases from 8 million to 16 million 60- D. increases by an unknown amou 20- Quantity (millions of coffee makers per year)Explanation / Answer
Answer : Option C is correct. From the above graph it shows that as price of coffee increases from$40 to $80 than the quantity supplied has been increased from 8milliom to 16 million.There is a direct relationship between quantity supplied and price of the product.