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 (E)and (F)respectively with the market quantity supplied at given each price.
A)10.50; 12.91
B)47; 52
C)99; 131
D)105; 142

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 (E)and (F)respectively with the market quantity supplied at given each price.
A)10.50; 12.91 
B)47; 52 
C)99; 131 
D)105; 142

Quizplus · Accepted Answer

At a price of $13.75, the total quantity supplied by all four sellers is 142, which is the highest quantity supplied at any given price. Therefore, D is the best choice.