Refer to Table 4-4. If these are the only four sellers in the market, then when the price increases from $4 to $6, the market quantity supplied

A) increases by 28 units.
B) increases by 14 units.
C) decreases by 42 units.
D) increases by 10 units.

Question

Blynn Friberg · Accepted Answer

Final Answer : B, Explanation :  Without access to Table 4-4, we can deduce the correct answer based on typical supply behavior in economics. Generally, as the price of a good increases, the quantity supplied also increases because suppliers are more willing to produce and sell more at higher prices. This is a fundamental principle of supply in economics. The specific numbers (14 units, 28 units, 42 units, 10 units) cannot be directly verified without the table, but the principle that the quantity supplied increases with price is a standard economic concept. Therefore, the correct choice involves an increase in quantity supplied, and among the options given, without specific data, we can only affirm the principle rather than the exact quantity.

Refer to Table 4-4. If these are the only four sellers in the market, then when the price increases from $4 to $6, the market quantity supplied

A) increases by 28 units.
B) increases by 14 units.
C) decreases by 42 units.
D) increases by 10 units.

Definitions

Learning Objectives

Learning Objectives

Related questions

Refer to Table 4-4. If these are the only four sellers in the market, then when the price increases from $4 to $6, the market quantity suppliedA) increases by 28 units.B) increases by 14 units.C) decreases by 42 units.D) increases by 10 units.

Definitions

Learning Objectives

Learning Objectives

Related questions

Refer to Table 4-4. If these are the only four sellers in the market, then when the price increases from $4 to $6, the market quantity supplied

A) increases by 28 units.
B) increases by 14 units.
C) decreases by 42 units.
D) increases by 10 units.