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The following table shows the supply schedule of bread for three sellers in the economy. Assume that ...

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The following table shows the supply schedule of bread for three sellers in the economy. Assume that ...

The following table shows the supply schedule of bread for three sellers in the economy. Assume that these three sellers constitute the entire market.

Price ($ per loaf)	Seller 1 Quantity Supplied (loaves)	Seller 2 Quantity Supplied (loaves)	Seller 3 Quantity Supplied (loaves)
$4	15		40
$3	12	15
$2	6	9	24
$1	2	6	11

Refer to the table above. Assuming that the market consists of only these three sellers, what is the market quantity supplied when the price is $1 per loaf?

▸ 19 loaves

▸ 11 loaves

▸ 2 loaves

▸ 6 loaves

Textbook

Macroeconomics

Edition: 3^rd

Authors: Acemoglu, Laibson, List

Read 30 times

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