Suppose there are five suppliers of ice cream in the town of Summerville.If we add the respective quantities that each firm would produce at each of the five ice cream parlors when the price of ice cream is $2 per scoop,$2.50 per scoop,and $3 per scoop,and so forth,we have found the

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Quizplus · Accepted Answer

The addition of quantities supplied at different prices by each of the five suppliers would result in the market supply curve, which indicates how much of the good (ice cream in this case) suppliers are willing and able to produce and sell at different prices. Therefore, option B is the correct choice. Option A would refer to adding quantities demanded at different prices to derive the market demand curve. Option C is the intersection of the market demand and supply curves, where the market is in equilibrium. Option D is a result of the market supply and demand conditions, where surplus or shortage may occur.

Suppose There Are Five Suppliers of Ice Cream in the Town