-Refer to the above table. The market quantity supplied when the price is $7 is
A) 0.
B) 20.
C) 29.
D) 38.

Question

-Refer to the above table. The market quantity supplied when the price is $7 is
A) 0. 
B) 20. 
C) 29. 
D) 38.

Quizplus · Accepted Answer

At a price of $7, the quantity supplied by the market is the sum of the quantities supplied by all suppliers at that price. Without the specific table data, the correct answer cannot be determined from the provided options. However, based on the given choices, if the correct answer is stated as option C (29), it implies that at a price of $7, the total quantity supplied by all suppliers in the market adds up to 29 units. This is a hypothetical scenario used to illustrate how market quantity supplied is determined at a given price point.

-Refer to the Above Table