Assume that Aline,Bentley,Calvin,and Daniel are the only sellers in this market.
-Refer to Exhibit 3-12.Fill in blanks (A)and (B)respectively with the market quantity supplied at each given price.
A) 12.25; 14.75
B) 49; 59
C) 48; 61
D) 8.00; 8.71
E) none of the above

Question

Assume that Aline,Bentley,Calvin,and Daniel are the only sellers in this market.
-Refer to Exhibit 3-12.Fill in blanks (A)and (B)respectively with the market quantity supplied at each given price.
A) 12.25; 14.75 
B) 49; 59 
C) 48; 61 
D) 8.00; 8.71 
E) none of the above

Quizplus · Accepted Answer

The market quantity supplied at each given price is 48 for 12.25 and 61 for 14.75, as indicated in the exhibit.

Assume That Aline,Bentley,Calvin,and Daniel Are the Only Sellers in This