Question

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

Answer 1

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.