Figure 4-5

Firm A
Firm B
-Refer to Figure 4-5. If these are the only two sellers in the market, then the market quantity supplied at a price of $8 is

Name: Figure 4-5 Firm A Firm B -Refer to Figure 4-5. If these are the only two sellers in the market, then the market quantity supplied at a price of $8 is
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Question

Figure 4-5
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Firm A
Firm B  
-Refer to Figure 4-5. If these are the only two sellers in the market, then the market quantity supplied at a price of $8 is

Quizplus · Accepted Answer

The market quantity supplied is the sum of the quantities supplied by both sellers at the given price. If each seller supplies 14 units at $8, the total is 28 units.

Figure 4-5 ​

Figure 4-5