Table 4-10
The following table shows the number of cases of water each seller is willing to sell at the prices listed.
-Refer to Table 4-10. If the four suppliers listed are the only suppliers in this market and the market demand schedule is: the equilibrium price and quantity are
A)$0.00 and 1200 cases
B)$3.00 and 300 cases
C)$6.00 and 600 cases
D)$9.00 and 600 cases

Question

Table 4-10
The following table shows the number of cases of water each seller is willing to sell at the prices listed. 
-Refer to Table 4-10. If the four suppliers listed are the only suppliers in this market and the market demand schedule is:  the equilibrium price and quantity are
A)$0.00 and 1200 cases 
B)$3.00 and 300 cases 
C)$6.00 and 600 cases 
D)$9.00 and 600 cases

Quizplus · Accepted Answer

The Answer of Table 4-10
The following table shows the number of cases of water each seller is willing to sell at the prices listed. 
-Refer to Table 4-10. If the four suppliers listed are the only suppliers in this market and the market demand schedule is:  the equilibrium price and quantity are
A)$0.00 and 1200 cases 
B)$3.00 and 300 cases 
C)$6.00 and 600 cases 
D)$9.00 and 600 cases

Table 4-10 The Following Table Shows the Number of Cases of Water