Table 4-2 -Refer to Table 4-2

question 41

Multiple Choice

Table 4-2 $$\begin{array} { | c | c | c | c | c | } \hline \text { Price } & \begin{array} { c } \text { FirmA's } \\\text { Quantity } \\\text { Supplied }\end{array} & \begin{array} { c } \text { Firm B's } \\\text { Quantity } \\\text { Supplied }\end{array} & \begin{array} { c } \text { Firm C's } \\\text { Quantity } \\\text { Supplied }\end{array} & \begin{array} { c } \text { Fim D's } \\\text { Quantity } \\\text { Supplied }\end{array} \\\hline \$ 0 & 10 & 0 & 0 & 0 \\\hline \$ 2 & 8 & 3 & 4 & 5 \\\hline \$ 4 & 6 & 6 & 8 & 10 \\\hline \$ 6 & 4 & 9 & 12 & 15 \\\hline \$ 8 & 2 & 12 & 8 & 20 \\\hline \$ 10 & 0 & 15 & 4 & 25 \\\hline\end{array}$$
-Refer to Table 4-2.Which supply schedules obey the law of supply?

• A)Firm A's only
• B)Firm B's,Firm C's,and Firm D's only
• C)Firm A's and Firm C's only
• D)Firm B's and Firm D's only

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Definitions:

Social Media

Online platforms that allow users to create, share content, and participate in social networking.

Marketers

Professionals who are engaged in promoting and selling products or services, including market research and advertising.

Businesses

Organizations engaged in commercial, industrial, or professional activities with the goal of earning a profit.

Perceived Value

The value a customer believes a product or service will provide, often influencing their purchasing decisions.