Quantity of Frozen Latte-On-A-Stick Supplied
Table 3.1
-Refer to Table 3.1, 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

Quantity of Frozen Latte-On-A-Stick Supplied
  Table 3.1
-Refer to Table 3.1, 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 and able to supply 1 unit, while Rita is willing and able to supply 2 units. Therefore, the total market quantity supplied at a price of $2 is 3 units (1+2=3). Therefore, the correct answer is C) 3.