Table 4.1
Quantity of Frozen Latte-On-A-Stick Supplied

-Refer to Table 4.1, which shows Flo's and Rita's individual supply schedules for frozen latte-on-a-stick. Assuming Flo and Rita are the only suppliers in the market, what is the market quantity supplied at a price of $2?

Question

Table 4.1
Quantity of Frozen Latte-On-A-Stick Supplied
 
-Refer to Table 4.1, which shows Flo's and Rita's individual supply schedules for frozen latte-on-a-stick. Assuming Flo and Rita are the only suppliers in the market, what is the market quantity supplied at a price of $2?

Quizplus · Accepted Answer

At a price of $2, Flo is willing to supply 1 frozen latte-on-a-stick and Rita is willing to supply 2 frozen latte-on-a-stick, making the total market quantity supplied at $2 equal to 3. Therefore, option C is the correct answer.

Table 4.1 Quantity of Frozen Latte-On-A-Stick Supplied