Question

The table below shows the weekly supply for hamburgers in a market where there are just three sellers.

Price Seller 1 Qs 1 Seller 2 Qs 2 Seller 3 Qs 3
$5 8 5 4
4 6 4 3
3 4 3 2
2 2 2 1

If there were 100 sellers in the market, each with a supply schedule identical to seller 2 in the table above, then the weekly quantity of hamburgers supplied in the market at a price of $5 would be


1. 200.
2. 500.
3. 300.
4. 400.

Answer 1

If there were 100 sellers in the market, each identical to seller 2, the weekly quantity of hamburgers supplied at a price of $5 would be 500. Correct answer is 2) 500.

Step-by-step explanation:

The question is about calculating the weekly quantity supplied of hamburgers in a market if there were 100 sellers, each with a supply schedule identical to seller 2.

According to the data provided, seller 2 supplies 5 hamburgers at a price of $5. If there were 100 sellers with the same supply schedule, we would multiply the number seller 2 supplies (5 hamburgers) by the number of sellers (100). 5 hamburgers/seller × 100 sellers = 500 hamburgers Therefore, the weekly quantity of hamburgers supplied in the market at a price of $5 by 100 sellers identical to seller 2 would be 500 hamburgers. So, the correct answer is 2) 500.