at the price of $5 per pack of batteries, duracell sells 10,000 packs of batteries and energizer sells 15,000 packs of batteries. when the price rises to $7.50, duracell sells 12,000 packs of batteries and energizer sells 16,000 packs of batteries. what is the market supply at $7.50?

Respuesta :

With a market supply of 28,000 packs at $7.50 each, Duracell and Energizer each sell 10,000 and 15,000 packs of batteries, respectively.

Regarding the supply or surplus, nothing is mentioned. Since the overall market supply demand for batteries is equal to the total supply, let's batteries suppose that markets are in equilibrium at $7.50.

supply equals 12000 + 1600 = 28,000.

The entire amount of a good or service that all producers batteries are prepared to offer at the current range of comparable prices for a predetermined market supply amount of time is the market supply. Unless unless stated otherwise, "Supply" refers to Market Supply.

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