Exhibit 3-12 ---------------------------------------------------Quantity Supplied --------------------------------------------
Assume that Aline, Bentley, Calvin, and Daniel are the only sellers in this market.
Refer to Exhibit 3-12. Fill in blanks (C)and (D)respectively with the market quantity supplied at each given price.
A)17.75; 21.00
B)9.13; 9.78
C)73; 88
D)71; 84

Question

Exhibit 3-12 ---------------------------------------------------Quantity Supplied --------------------------------------------
 Assume that Aline, Bentley, Calvin, and Daniel are the only sellers in this market.
Refer to Exhibit 3-12.  Fill in blanks (C)and (D)respectively with the market quantity supplied at each given price.
A)17.75; 21.00 
B)9.13; 9.78 
C)73; 88 
D)71; 84

Quizplus · Accepted Answer

Choice C represents the market quantity supplied at each given price. This information is necessary for determining the market supply curve. Choices A and B provide incorrect information and choice D only provides data for two out of the four sellers in the market.