Multiple Choice
Refer to the table below. If these three firms represented the entire market, how many mid-sized autos would be supplied at a price of $30,000?
Price for
Mid-Sized Auto
GM
Ford
Chrysler
Market
$22,000
10,000
8,000
4,000
$24,000
12,000
10,000
5,000
$26,000
15,000
12,000
7,000
$28,000
19,000
14,000
10,000
$30,000
24,000
16,000
14,000
A) 43,000
B) 54,000
C) 126,000
D) 158,000
Correct Answer:

Verified
Correct Answer:
Verified
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