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 manufacturer is willing to sell 20 laptops, and there are 8 manufacturers, so the total supply is 8 * 20 = 160 laptops.

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