Question

Voice Thread Discussion Question:Aunt Florance's bakery is determining the price to charge for their famous cupcakes. Suppose the supply equation's slope changed from 0.1 to 0.2. Show how this willchange

the graph below. Would the equilibrium price increase or decrease? Would the equilibrium quantity increase or decrease?

Fig: 1

Fig: 2

Fig: 3

Fig: 4

Fig: 5

Fig: 6