Figure 4-12 -Refer to Figure 4-12.If These Are the Only Two Sellers

question 14

Multiple Choice

Figure 4-12

-Refer to Figure 4-12.If these are the only two sellers in the market,then the market quantity supplied at a price of $8 is

• A)14 units.
• B)15 units.
• C)16 units.
• D)29 units.

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Definitions:

E-marketplace

An online platform where buyers and sellers can exchange goods and services, characterized by its ease of access and broad reach.

Independent Trading Communities

Groups or networks of individual traders, investors, or small businesses that operate independently, often focused on specific markets or commodities.

Online Buying

The process of purchasing goods or services over the internet through digital platforms and websites.