111k views
5 votes
On curve S2, when the price is $3.00, what is the quantity supplied?

User Araxia
by
8.9k points

1 Answer

6 votes

Final answer:

On curve S2, when the price is $3.00, the quantity supplied is not provided, but using the information about the supply curve So, we can estimate it to be between 18 million and 20 million.

Step-by-step explanation:

On curve S2, when the price is $3.00, the quantity supplied is not provided in the given information. However, we can use the information provided about the supply of cars shown by the curve

So, which indicates that at a price of $20,000, the quantity supplied is 18 million cars, and at a price of $22,000, the quantity supplied is 20 million cars.

Using this information, we can assume that on curve S2, when the price is $3.00, the quantity supplied could be somewhere between 18 million and 20 million, depending on the specifics of the curve.

User Atoms
by
7.8k points