Assume that Aline,Bentley,Calvin,and Daniel are the only sellers in this market.
-Refer to Exhibit 3-12.Fill in blanks (C)and (D)respectively with the market quantity supplied at each given price.
A) 17.75; 21.00
B) 9.13; 9.78
C) 73; 88
D) 71; 84
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 (C)and (D)respectively with the market quantity supplied at each given price.
A) 17.75; 21.00 
B) 9.13; 9.78 
C) 73; 88 
D) 71; 84 
E) none of the above

Quizplus · Accepted Answer

From Exhibit 3-12, we can see that at a price of $4.25, Aline, Bentley, Calvin, and Daniel supply a quantity of 73 (48+8+7+10). Similarly, at a price of $5.50, they supply a quantity of 88 (27+30+14+17). Therefore, the correct choices for blanks (C) and (D) are 73 and 88, respectively. None of the other options match these quantities.

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