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Question - Imagine that the market supply of peaches comes from Georgia (GA) and South Carolina (SC). The table below shows the quantities of peaches supplied in each state at each price.

Individual and Market Supply of Peaches


Quantity of Peaches Supplied (pounds)

Price (dollars per pound)

GA

SC

Market

10

20,000

18,000


8

16,000

15,000


6

12,000

12,000


4

8,000

9,000


2

4,000

6,000


a. Complete the column labeled "Market."

b. The quantity of peaches supplied to the market at a price of $6 per pound is pounds.

Microeconomics, Economics

  • Category:- Microeconomics
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