Refer to the graph shown.Suppose that at a price of $5.00, firm A is willing and able to supply 4 units and firm B is willing and able to supply 4 units.Which of the following statements is then true?
A)Curve S0 shows the quantity supplied of firm A and firm B combined.
B)Curve S1 shows the quantity supplied of firm A and firm B combined.
C)The addition of firm B to the market causes a movement upward and to the right alongS0.
D)The addition of firm B to the market causes a movement upward and to the right alongS1.

Question

Refer to the graph shown.Suppose that at a price of $5.00, firm A is willing and able to supply 4 units and firm B is willing and able to supply 4 units.Which of the following statements is then true? 
A)Curve S0 shows the quantity supplied of firm A and firm B combined. 
B)Curve S1 shows the quantity supplied of firm A and firm B combined. 
C)The addition of firm B to the market causes a movement upward and to the right alongS0. 
D)The addition of firm B to the market causes a movement upward and to the right alongS1.

Quizplus · Accepted Answer

The Answer of Refer to the graph shown.Suppose that at a price of $5.00, firm A is willing and able to supply 4 units and firm B is willing and able to supply 4 units.Which of the following statements is then true? 
A)Curve S0 shows the quantity supplied of firm A and firm B combined. 
B)Curve S1 shows the quantity supplied of firm A and firm B combined. 
C)The addition of firm B to the market causes a movement upward and to the right alongS0. 
D)The addition of firm B to the market causes a movement upward and to the right alongS1.

Refer to the Graph Shown