The following table shows the supply schedule of bread for three sellers in the economy. Assume that these three sellers constitute the entire market.

-Refer to the table above.Assuming that the market consists of only these three sellers,what is the market supply when the price is $2 per loaf?

Question

The following table shows the supply schedule of bread for three sellers in the economy. Assume that these three sellers constitute the entire market.
 
-Refer to the table above.Assuming that the market consists of only these three sellers,what is the market supply when the price is $2 per loaf?

Quizplus · Accepted Answer

At a price of $2 per loaf, you sum up the quantities supplied by each seller at that price point. Assuming the table shows quantities that each seller would supply at $2, you simply add those quantities together to get the market supply.

The Following Table Shows the Supply Schedule of Bread for Three