One Point on a Market Supply Curve Represents $4 and 100

question 120

Multiple Choice

One point on a market supply curve represents $4 and 100 units quantity supplied.If there are three suppliers,and at a price of $4 one of the suppliers supplies 23 units,then which of the following combinations of price and quantity supplied might hold for the other two suppliers?

• A) At $4,quantity supplied could be 40 units for one supplier and 27 for the other.
• B) At $4,quantity supplied could be 33 units for one supplier and 27 for the other.
• C) At $4,quantity supplied could be 40 units for one supplier and 37 for the other.
• D) At $4,quantity supplied could be 77 units for one supplier and 10 for the other.
• E) There is not enough information to answer this question.

---

Definitions:

Interpretation

The process of explaining the meaning of something; in psychology, often referring to the analysis of dreams, actions, or thoughts.

Dream

A succession of images, ideas, emotions, and sensations that usually occur involuntarily in the mind during certain stages of sleep.

Transference

The process by which emotions and desires originally associated with one person are unconsciously shifted to another person, especially in psychoanalysis.

Counterconditioning

A therapy method that involves teaching the patient to replace a negative response to a stimulus with a positive one.