Exhibit 3-5 Supply for Tucker's Cola Data
Quantity supplied per week(millions of gallons)
Price pergallon
6
$3.00
5
2.50
4
2.00
3
1.50
2
1.00
1
.50
Exhibit 3-5 shows the supply schedule for Tucker's Cola. Suppose there are four additional suppliers of cola in the market. When the price per gallon of cola is $1.50, the first supplier is willing to sell 10 million gallons, the second supplier is willing to sell 2 million gallons, the third supplier is willing to sell 5 million gallons, and the fourth supplier is willing to sell 0 gallons. The market quantity supplied of cola when the price is $1.50 is
A. 17 million gallons.
B. 20 million gallons.
C. 30 million gallons.
D. 0 gallons.
Answer: B
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