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Social Science Clinic => Economics => Microeconomics => Topic started by: Evvie72 on May 24, 2019

Title: The table below shows the three firms that are suppliers in the frozen yogurt market. PriceQuantity ...
Post by: Evvie72 on May 24, 2019
The table below shows the three firms that are suppliers in the frozen yogurt market.

PriceQuantity Supplied
($ per serving) (1,000s of servings supplied)
YoYoFunFroYummy
8.00300300400
7.00150200300
6.000100200
       
If the price in the market is $6.00,
◦ only 2 firms supply a total of 300 servings.
◦ 450 servings are supplied in the market.
◦ 600 servings are supplied in the market.
◦ all 3 firms supply a total of 900 servings.
◦ there will be a shortage of frozen yogurt.
Title: The table below shows the three firms that are suppliers in the frozen yogurt market. PriceQuantity ...
Post by: durant1234 on May 24, 2019
only 2 firms supply a total of 300 servings.