Table 4-10 The Following Table Shows the Number of Cases of Water

question 232

Multiple Choice

Table 4-10
The following table shows the number of cases of water each seller is willing to sell at the prices listed.

-Refer to Table 4-10. If the four suppliers listed are the only suppliers in this market and the market demand schedule is: the equilibrium price and quantity are

• A) $0.00 and 1200 cases
• B) $3.00 and 300 cases
• C) $6.00 and 600 cases
• D) $9.00 and 600 cases

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