Table 4-7
-Refer to Table 4-7. If these are the only four sellers in the market for ice cream, then the market quantity supplied at a price of $4 is
A)4 gallons.
B)5 gallons.
C)20 gallons.
D)80 gallons.

Question

Table 4-7 
-Refer to Table 4-7. If these are the only four sellers in the market for ice cream, then the market quantity supplied at a price of $4 is
A)4 gallons. 
B)5 gallons. 
C)20 gallons. 
D)80 gallons.

Quizplus · Accepted Answer

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

Table 4-7 -Refer to Table 4-7. If These Are the Only Four