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?
a. at $4, quantity supplied could be 40 units for one supplier and 27 for the other
b. at $4, quantity supplied could be 33 units for one supplier and 27 for the other
c. at $4, quantity supplied could be 40 units for one supplier and 37 for the other
d. at $4, quantity supplied could be 77 units for one supplier and 10 for the other
e. there is not enough information to answer this question.
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One point on a market supply curve represents $4 and 100 units quantity supplied. If there are three...
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