Refer to Figure 4-5. If these are the only two sellers in the market, then the market quantity supplied at a price of $8 is

A) 16 units.
B) 12 units.
C) 33 units.
D) 28 units.

Question

Refer to Figure 4-5. If these are the only two sellers in the market, then the market quantity supplied at a price of $8 isA) 16 units.B) 12 units.C) 33 units.D) 28 units.

Ashley Delgado · Accepted Answer

Final Answer : D, Explanation :  The market quantity supplied is the sum of the quantities supplied by both sellers at the given price. If each seller supplies 14 units at $8, the total is 28 units.

Refer to Figure 4-5. If these are the only two sellers in the market, then the market quantity supplied at a price of $8 is

A) 16 units.
B) 12 units.
C) 33 units.
D) 28 units.

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Learning Objectives

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