If There Are 1,000 Identical Rice Farmers Who Are Each

question 233

Multiple Choice

If there are 1,000 identical rice farmers who are each willing to supply 200 bushels of rice at $2 per bushel,what price and quantity combination is a point on the market supply curve for rice?

• A) $2 and 200 bushels
• B) $2 and 200,000 bushels
• C) $2,000 and 200,000 bushels
• D) $2,000 and 1,000 bushels
• E) $2 and 1,000 farmers

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