Question
Imagine that the market supply of peaches comes from Georgia (GA) and South Carolina (SC). The table below shows the quantity of peaches supplied in
Imagine that the market supply of peaches comes from Georgia (GA) and South Carolina (SC). The table below shows the quantity of peaches supplied in each state at each price.
Individual and Market Supply of Peaches
| Quantity of Peaches Supplied (pounds) |
| Price ( dollars per pound ) | GA | SC | Market |
| $10 | 22, 000 | 20, 000 | |
| 8 | 18, 000 | 17, 000 | |
| 6 | 14, 000 | 14, 000 | |
| 4 | 10, 000 | 11, 000 | |
| 2 | 6, 000 | 8, 000 |
a. In the table, complete the column labeled "Market."
b.How manypounds of peaches will be supplied to the market when the price is $6 per pound?
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Economics Of The Environment Selected Readings
Authors: Robert Stavins
6th Edition
0393913406, 9780393913408
