Table 4-5

-Refer to Table 4-5.If these are the only four sellers in the market,then the market quantity supplied at a price of $4 is

Name: Table 4-5 -Refer to Table 4-5.If these are the only four sellers in the market,then the market quantity supplied at a price of $4 is
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Question

Table 4-5
 
-Refer to Table 4-5.If these are the only four sellers in the market,then the market quantity supplied at a price of $4 is

Quizplus · Accepted Answer

The market quantity supplied is the sum of the quantities supplied by all sellers at a given price. If each seller supplies 5 units at $4, then 4 sellers supply a total of 20 units.

Table 4-5 -Refer to Table 4-5.If These Are the Only Four Sellers