5. The accompanying graph represents the supply of printer ink cartridges. The current price of ink
(per cartridge) is $20 and indicated by the point on the supply curve. Suppose the price of
cartridges increases to $24. Illustrate on the graph how the market for Ink Cartridges changes.
Market for Ink Cartridges
30
28
S
26
24
22
Price per cartridge
20
18
16
14
12
10
o
7
2
1
8 9 10
3 4 5 6
Quantity (billions)
Answers: 2
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5. The accompanying graph represents the supply of printer ink cartridges. The current price of ink...
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