The document discusses the supply curve and related economic concepts. It asks the reader to: 1) Explain what supply means; 2) Draw a supply curve based on given price and quantity data for llamas and show how it would change if the supplied quantity increased by 3 llamas at each level; 3) Label the supply curves appropriately; 4) Identify other goods that could affect the supply of car tires; 5) List factors that can affect a product's supply; and 6) Explain the term "producer surplus".

1. ECON1
WWW.AQUINASECONOMICSAS.CO.UK
@AQUINASECONOMIC
The Supply Curve
Answer all the questions below
1. Explain what is meant by Supply
2. Draw a supply curve using the following information
Price of Llamas (£) Supply of Llamas
100 1
200 2
300 3
400 4
500 5
3. On the graph show what would happen if the quantity a Llama merchant was
willing to supply increases at each level by 3 Llamas
4. Ensure all supply curve are labelled appropriately
5. What other goods are likely to affect the supply for car tyres
6. List the factors which can affect the supply of a product
7. Explain the term producer surplus