A market consists of ten similar suppliers that are making the same supply decisions. To find the market supply of these ten suppliers, you: SELECT THE CORRECT ANSWER a.find the average quantity produced by the ten suppliers. b.take one-tenth of the individual supply of each supplier and add it up. c.take the individual supply of one supplier. d.multiply the individual supply of one of the suppliers by ten.
A market consists of ten similar suppliers that are making the same supply decisions. To find the market supply of these ten suppliers, you: SELECT THE CORRECT ANSWER a.find the average quantity produced by the ten suppliers. b.take one-tenth of the individual supply of each supplier and add it up. c.take the individual supply of one supplier. d.multiply the individual supply of one of the suppliers by ten.
Economics Today and Tomorrow, Student Edition
1st Edition
ISBN:9780078747663
Author:McGraw-Hill
Publisher:McGraw-Hill
Chapter7: Demand And Supply
Section: Chapter Questions
Problem 9AA
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A market consists of ten similar suppliers that are making the same supply decisions. To find the market supply of these ten suppliers, you:
SELECT THE CORRECT ANSWER
a.find the average quantity produced by the ten suppliers.
b.take one-tenth of the individual supply of each supplier and add it up.
c.take the individual supply of one supplier.
d.multiply the individual supply of one of the suppliers by ten.
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