Figure: Increasing Costs Refer to the figure. If an industry consists of two firms, Firm 1 and Firm 2, as shown in the diagram, what is the industry's quantity supplied at a price of $7 and $9?
A) 0 and 5 units, respectively
B) 4 and 5 units, respectively
C) 8 and 10 units, respectively
D) 4 and 10 units, respectively

Question

Figure: Increasing Costs  Refer to the figure. If an industry consists of two firms, Firm 1 and Firm 2, as shown in the diagram, what is the industry's quantity supplied at a price of $7 and $9?
A) 0 and 5 units, respectively 
B) 4 and 5 units, respectively 
C) 8 and 10 units, respectively 
D) 4 and 10 units, respectively

Quizplus · Accepted Answer

The Answer of Figure: Increasing Costs  Refer to the figure. If an industry consists of two firms, Firm 1 and Firm 2, as shown in the diagram, what is the industry's quantity supplied at a price of $7 and $9?
A) 0 and 5 units, respectively 
B) 4 and 5 units, respectively 
C) 8 and 10 units, respectively 
D) 4 and 10 units, respectively

Figure: Increasing Costs Refer to the Figure