imagine that the market supply of peaches comes from Georgia (GA) and South Carolina (SC). The table below shows the quantity 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 30,000 28,000 8 26,000 25,000 6 22,000 22,000 4 18,000 19,000 2 14,000 16,000 a. In the table, complete the column labeled “Market.” b. How many pounds of peaches will be supplied to the market when the price is $4 per pound?
imagine that the market supply of peaches comes from Georgia (GA) and South Carolina (SC). The table below shows the quantity 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 30,000 28,000 8 26,000 25,000 6 22,000 22,000 4 18,000 19,000 2 14,000 16,000 a. In the table, complete the column labeled “Market.” b. How many pounds of peaches will be supplied to the market when the price is $4 per pound?
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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imagine that the market supply of peaches comes from Georgia (GA) and South Carolina (SC). The table below shows the quantity 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 | 30,000 | 28,000 | |
| 8 | 26,000 | 25,000 | |
| 6 | 22,000 | 22,000 | |
| 4 | 18,000 | 19,000 | |
| 2 | 14,000 | 16,000 |
a. In the table, complete the column labeled “Market.”
b. How many pounds of peaches will be supplied to the market when the price is $4 per pound?
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