Table 4-7
-Refer to Table 4-7. If these are the only four sellers in the market for ice cream, then when the price decreases from $10 to $8, the market quantity supplied decreases by
A)2.5 gallons.
B)4 gallons.
C)10 gallons.
D)50 gallons.

Question

Table 4-7 
-Refer to Table 4-7. If these are the only four sellers in the market for ice cream, then when the price decreases from $10 to $8, the market quantity supplied decreases by
A)2.5 gallons. 
B)4 gallons. 
C)10 gallons. 
D)50 gallons.

Quizplus · Accepted Answer

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

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