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Suppose there are four gas stations in your town. The quantity of gas that each one willing is to supply each week at various prices
Suppose there are four gas stations in your town. The quantity of gas that each one willing is to supply each week at various prices is provided in the accompanying table. Determine the quantity supplied for the entire market at each price, and graph the market supply curve. Illustrate on your graph what happens to the supply curve when prices rises from $3 to $5.
Price per gallon
Station A
Station B
Station C
Station D
$5
8,000
5,000
6,000
9,000
$4
6,000
4,000
5,000
5,000
$3
4,000
3,000
4,000
3,000
$2
2,000
2,000
2,000
1,000
$1
0
1,000
1,000
0
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