Table 4-4

-Refer to Table 4-4.If these are the only four sellers in the market,then when the price decreases from $10 to $8,the market quantity supplied

Question

Table 4-4
 
-Refer to Table 4-4.If these are the only four sellers in the market,then when the price decreases from $10 to $8,the market quantity supplied

Quizplus · Accepted Answer

The market quantity supplied decreases by 10 units when the price decreases from $10 to $8, as the total quantity supplied by all sellers at $10 is higher by 10 units compared to the total quantity supplied at $8.

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