Business, 24.03.2020 17:05 coopera1744

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

Individual and Market Supply of Purchases
Quantity of Quantity of Quantity of
Purchases Supplied Purchases Supplied Purchases Supplied
Price QA SC Market
(dollars per period)
10 20,000 16,000
8 10,000 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

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Answer from: brooklyns357

Answer is given below.

Explanation:

The complete table with formula is below:

Individual and Market Supply of Peaches

Price Quantity of Peaches Supplied (pounds)

(dollars per pound)

GA SC MarkePGA+SC

10 20,000 18000 38,000

8 16,000 15,000 31,000

6 12,000 12000 24,000

4 8000 9000 17,000

2 4000 6000 10,000

When Price = $6, quantity of peaches supplied to the market = 24,000 pounds (or 12.000±12.000

pounds)

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Imagine that the market supply of peaches comes from Georgia (GA) and South Carolina (SC). The suppl...

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