Table 4-6
-Refer to Table 4-6. If these are the only four sellers in the market, then when the price increases from $6 to $8, the market quantity supplied

Question

Table 4-6 
-Refer to Table 4-6. If these are the only four sellers in the market, then when the price increases from $6 to $8, the market quantity supplied

Quizplus · Accepted Answer

When the price increases from $6 to $8, each seller increases their quantity supplied. If these are the only four sellers, the total market quantity supplied increases by the sum of the individual increases, which is 2 units.

Table 4-6 -Refer to Table 4-6. If These Are the Only Four