Table 4-5 Market Supply Schedule Price (Dollars per cas…
Table 4-5 Market Supply Schedule Price (Dollars per case) Quantity Supplied (Cases of water) Aqueduct Springs Brook Mountain Channel Waters Drop Good 0.00 0 0 0 0 4.00 100 40 60 100 8.00 200 80 120 200 12.00 300 120 180 300 Refer to Table 4-5. If the four suppliers listed are the only suppliers in this market and the market quantity demanded is 530 cases when the price is $8.00, which of the following statements is correct?