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Two nations supply sugar to the world market. Lowland has a minimum supply price of 10 cents per pound, while Highland has a minimum supply price of 24 cents per pound. For each nation, the slope of the supply curve is 1 cent per million pounds. I need to draw 2 individual lines on a graph. My answer sheets states that when I plot 45.it's line goes to 95 on the y axis and 50 on the x...I don't know where the 95 came from.

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M91230567

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