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texasmade2550 texasmade2550
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2 months ago

One point on a market supply curve represents $4 and 100 units quantity supplied. If there are three suppliers, and at a price of $4 one of the suppliers supplies 23 units, then which of the following combinations of price and quantity supplied might hold for the other two suppliers?



At $4, quantity supplied could be 40 units for one supplier and 27 for the other.



At $4, quantity supplied could be 33 units for one supplier and 27 for the other.



At $4, quantity supplied could be 40 units for one supplier and 37 for the other.



At $4, quantity supplied could be 77 units for one supplier and 10 for the other.



There is not enough information to answer this question.

Textbook 
Economics

Economics


Edition: 12th
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pedro0811pedro0811
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At $4, quantity supplied could be 40 units for one supplier and 37 for the other.



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texasmade2550 Author
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