Hi, I hope you can help me find quantity supplied, thank you! Fill the price and...
Hi, I hope you can help me find quantity supplied, thank you!
Fill the price and Qs columns. The price is the least amount they are willing to accept making sure that each seller makes at least $1 profit.
Table 1 – Session 1: Supply Schedule
|
Seller cost (USD) |
Price (USD) |
Number of Sellers (equals to quantity supplied at that price because all the sellers were selling only one unit of wheat) |
Qs (Quantity supplied cumulative total) |
|
10 |
11 |
18 |
|
|
20 |
21 |
8 |
|
|
30 |
31 |
19 |
|
|
40 |
41 |
9 |
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