At a price of _____, producers are not willing to supply any shoes. This most likely happens because producers cannot cover their costs at this price.

Price Quantity Supplied of Shoes Quantity Demanded of Shoes
$10 0 500
$50 100 300
$75 250 250
$100 400 0

From the first row of the table, at a price of $10, suppliers are not willing to make any shoes (quantity supplied of shoes = 0) since they will not make significant profit off of it.

In contrast, the demand is 500, since everyone would love to buy shoes at that very cheap price.

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luishusky5 luishusky5 · Answer 2 · 2021-12-08T18:27:52+01:00

luishusky5 luishusky5

08-12-2021

Answer:

$10

Explanation:

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At a price of _____, producers are not willing to supply any shoes. This most likely happens because producers cannot cover their costs at this price. Price Quantity Supplied of Shoes Quantity Demanded of Shoes $10 0 500 $50 100 300 $75 250 250 $100 400 0

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At a price of _____, producers are not willing to supply any shoes. This most likely happens because producers cannot cover their costs at this price.

Price Quantity Supplied of Shoes Quantity Demanded of Shoes
$10 0 500
$50 100 300
$75 250 250
$100 400 0