Table 7-10
The following table represents the costs of five possible sellers.
-Refer to Table 7-10. Suppose each of the five sellers can supply at most one unit of the good. The market quantity supplied is exactly 4 if the price is
A)$860.
B)$1,050.
C)$1,650.
D)$1,400.

Question

Table 7-10
The following table represents the costs of five possible sellers. 
-Refer to Table 7-10. Suppose each of the five sellers can supply at most one unit of the good. The market quantity supplied is exactly 4 if the price is
A)$860. 
B)$1,050. 
C)$1,650. 
D)$1,400.

Quizplus · Accepted Answer

The market quantity supplied is exactly 4 when the price is $1,400 because at this price, four sellers are willing to supply the good, assuming each can supply only one unit.

Table 7-10 The Following Table Represents the Costs of Five Possible Sellers