Suppose there are three massage therapists, with a supply schedule that indicates their willingness to supply massages at various prices. What is the market quantity of massages supplied at $60, and does this supply schedule follow the law of supply? $$\begin{array} { | c | c | c | c | }
\hline \text { Price } & \text { Tracey } & \text { Kira } & \text { Peter } \
\hline \$ 40 & 5 & 10 & 3 \
\hline \$ 60 & 8 & 15 & 6 \
\hline \$ 80 & 13 & 20 & 9 \
\hline
\end{array}$$

Question

Suppose there are three massage therapists, with a supply schedule that indicates their willingness to supply massages at various prices. What is the market quantity of massages supplied at $60, and does this supply schedule follow the law of supply? $$\begin{array} { | c | c | c | c | } 
\hline \text { Price } & \text { Tracey } & \text { Kira } & \text { Peter } \
\hline \$ 40 & 5 & 10 & 3 \
\hline \$ 60 & 8 & 15 & 6 \
\hline \$ 80 & 13 & 20 & 9 \
\hline
\end{array}$$

Quizplus · Accepted Answer

The market quantity of massages supplied at $60 is 29 (8 from Tracey, 15 from Kira, and 6 from Peter). The supply schedule follows the law of supply, as the quantity supplied increases with the price.

Suppose There Are Three Massage Therapists, with a Supply Schedule