If at a price of $1000,8 different laptop manufacturers are willing to sell 20 laptops each.If the 8 manufacturers are the only sellers of laptops in the market,then at a price of $1000,there are ________ laptops supplied in the market.

Question

Quizplus · Accepted Answer

Each of the 8 manufacturers is willing to sell 20 laptops, so the total supply is 8 manufacturers * 20 laptops each = 160 laptops.

If at a Price of $1000,8 Different Laptop Manufacturers Are