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Zepler [3.9K]
2 years ago
10

Refer to Table 4-4. If these are the only four sellers in the market, then the market quantity supplied at a price of $4 is

Mathematics
1 answer:
NeTakaya2 years ago
5 0

All things being equal; demand decreases, as price increases.

The quantity supplied when price is $4 is 28

From table 4.4 (see attachment).

When price = $4, we have the following supplies:

  • <em>Firm A = 6</em>
  • <em>Firm B = 6</em>
  • <em>Firm C = 8</em>
  • <em>Firm D = 10</em>

<em />

So, the total supply at $4 is:

Total = 4 + 6 + 8 + 10

Total = 28

Hence, the quantity supplied when price is $4 is 28

Read more about demand and supply at:

brainly.com/question/13353440

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