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AfilCa [17]
3 years ago
13

Suppose there are five suppliers of ice cream in the town of Summerville. When the price of ice cream is $2 per scoop, Firm A is

willing to sell 20 scoops, Firm B is willing to sell 50 scoops, Firm C is willing to sell 35 scoops, Firm D is willing to sell 100 scoops, and Firm E is willing to sell 40 scoops. From this information we can conclude that Group of answer choices the market quantity supplied is less than 250 scoops when the price is $2 per scoop. the market quantity supplied is greater than 250 scoops when the price is less than $2 per scoop. the market quantity supplied is greater than 250 scoops when the price is $2 per scoop. the market is in equilibrium.
Business
1 answer:
victus00 [196]3 years ago
3 0

Answer:

the market quantity supplied is less than 250 scoops when the price is $2 per scoop

Explanation:

When price is $2, the total quantity supplied = 20 + 50 + 35 + 100 + 40 = 245

At the price $2, the total quantity supplied is less than 245

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Answer:

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