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Exhibit 3-12 ---------------------------------------------------Quantity Supplied -------------------------------------------- Price Aline Bentley Calvin Daniel Market $6 22 20 6 0 (A) 7 24 22 10 5 (B) 8 26
Exhibit 3-12
---------------------------------------------------Quantity Supplied --------------------------------------------
Price | Aline | Bentley | Calvin | Daniel | Market |
$6 | 22 | 20 | 6 | 0 | (A) |
7 | 24 | 22 | 10 | 5 | (B) |
8 | 26 | 24 | 13 | 10 | (C) |
9 | 30 | 26 | 17 | 15 | (D) |
10 | 35 | 28 | 22 | 20 | (E) |
11 | 50 | 30 | 32 | 30 | (F) |
Assume that Aline, Bentley, Calvin, and Daniel are the only sellers in this market.
Refer to Exhibit 3-12. Fill in blanks (A) and (B) respectively with the market quantity supplied at each given price.
a. | 12.25; 14.75 | |
b. | 49; 59 | |
c. | 48; 61 | |
d. | 8.00; 8.71 |
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