At the price of $5 per pack of batteries, duracell sells 10,000 packs of batteries and energizer sells 15,000 packs of batteries. when the price rises to $7.50, duracell sells 12,000 packs of batteries and energizer sells 16,000 packs of batteries. what is the market supply at $7.50? choose one: a. 16,000 b. 25,000 c. 4,000 d. 12,000 e. 28,000

28,000

Explanation:

To get this answer you have to assume perfect competition scenario, since in this case supply = demand. In this case:

At $7,5

Energizer sells 16,000 => Supply Energizer = 16,000

Duracell sells 12,000 => Supply Duracell = 12,000

Total Supply = 16,000+12,000

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