At a price of $1000, Dell Computer Co. is willing 20 laptops and Compaq is willing to sell 40 laptops. IBM will only sell laptops if the price is $1300 or higher. At $1000, the market supply for laptops is:

Question

Quizplus · Accepted Answer

The market supply is the total quantity of laptops that all suppliers are willing and able to sell at a given price. In this case, Dell is willing to sell 20 laptops and Compaq is willing to sell 40 laptops at $1000, so the total market supply is 20 + 40 = 60. IBM's willingness to sell at $1300 or higher is not relevant to the market supply at $1000.

At a Price of $1000, Dell Computer Co