Table 4-6 -Refer to Table 4-6. If These Are the Only Four

question 682

Multiple Choice

Table 4-6
-Refer to Table 4-6. If these are the only four sellers in the market, then when the price increases from $6 to $8, the market quantity supplied

• A)increases by 0.5 units.
• B)increases by 2 units.
• C)decreases by 4 units.
• D)increases by 42 units.

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Definitions:

P(x = a)

The probability of a random variable x taking on a specific value a.

P(x = a)

The probability that the random variable X is equal to some value a.

Continuous Random Variable

A type of random variable that can take an infinite number of possible values in a continuum or interval on the number line.

P(x > a)

Represents the probability of a random variable X taking a value greater than a specific number a.