Multiple Choice
There are two sellers in the market for gourmet salsa, Wen and Ahmed. When the market price is $5 per bottle, Wen is willing to sell 10 bottles and Ahmed is willing to sell 15 bottles. If the market price rises to $7, then, ceteris paribus
A) we can confidently say that market quantity supplied is at least 25 bottles.
B) we can't know the effect on market supply because we don't have the full graphs for these two sellers.
C) the market quantity supplied is less than 25 bottles.
D) the market quantity supplied is between 10 and 15 bottles.
Correct Answer:
Verified
Correct Answer:
Verified
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