Suppose There Are Four Firms That Are Each Willing to Sell

question 18

Multiple Choice

Suppose there are four firms that are each willing to sell one unit of a good. Each firm has a different minimum price that they are willing to sell for: Firm A, $6; Firm B, $7; Firm C, $10; and Firm D, $12. If the market price is $11 then the market supply for this good will be

• A) 4 units.
• B) 1 unit.
• C) 2 units.
• D) 3 units.

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Definitions:

Disabled Workers

Individuals with disabilities who are part of the workforce, sometimes referring to the special legal protections and accommodations they are entitled to.

Job Related

Pertaining to duties, activities, or tasks performed as part of one's employment or position.

Prima Facie Case

Evidence that, unless rebutted, would be sufficient to prove a particular proposition or fact in court.

Discrimination

Unfair or unequal treatment of individuals based on certain protected characteristics such as race, gender, age, or disability.