Question
Market Supply Exercise 1 (Algo) Imagine that the market supply of peaches comes from Georgia (GA) and South Carolina (SC). The table below shows the
Market Supply Exercise 1 (Algo)
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 |
Instructions: Enter your answers as a whole number.
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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International Marketing
Authors: Philip R Cateora
14th Edition
0073380989, 9780073380988
