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The following table shows the supply schedule of wheat for three farmers in the economy. Assume that ...

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The following table shows the supply schedule of wheat for three farmers in the economy. Assume that ...

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

Price ($ per bushel)	Farmer 1 Quantity Supplied (bushels)	Farmer 2 Quantity Supplied (bushels)	Farmer 3 Quantity Supplied (bushels)
$10	8	17	30
$8	6	14	28
$6	4	11	24
$4	2	8	18
$2	0	5	8
$0	0	0	0

What is the quantity supplied in the market if the price is $2 per bushel?

▸ 4

▸ 39

▸ 28

▸ 13

Textbook

Macroeconomics

Edition: 3^rd

Authors: Acemoglu, Laibson, List

Read 22 times

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