There are three sellers in a market- Their supply curves are given by qA -5 p-10- - p 5qB -12 p-17- - p 10q C-4 p-15- - p geq 15 The market supply curve equation is

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Market Supply Curve

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Question

There are three sellers in a market. Their supply curves are given by

$q_{A} = 5 p - 10, p \geq 5 q_{B} = 12 p - 17, p \geq 10 q_{C} = 4 p - 15, p \geq 15$

The market supply curve equation is _______

q = 21p -42 at a price of 20

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q = 16p -42 at a price of 13

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q = 17p -27 at a price of 12

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q = 17p -27 at a price of 8

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Solution

The correct options are
A
q = 21p -42 at a price of 20

C
q = 17p -27 at a price of 12

$q_{A} = 5 p - 10, p \geq 5 q_{B} = 12 p - 17, p \geq 10 q_{C} = 4 p - 15, p \geq 15$

$p < 5 \Rightarrow q = 0 5 \leq p < 10 \Rightarrow q = q_{A} 10 \leq p < 15 \Rightarrow q = q_{A} + q_{B} p \geq 15 \Rightarrow q = q_{A} + q_{B} + q_{C}$

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There are three sellers in a market. Their supply curves are given by qA=5p−10, p≥5qB=12p−17, p≥10qC=4p−15, p≥15 The market supply curve equation is _______

The correct options are A q = 21p -42 at a price of 20 C q = 17p -27 at a price of 12 qA=5p−10, p≥5qB=12p−17, p≥10qC=4p−15, p≥15 p<5⇒q=05≤p<10⇒q=qA10≤p<15⇒q=qA+qBp≥15⇒q=qA+qB+qC

There are three sellers in a market. Their supply curves are given by

$q_{A} = 5 p - 10, p \geq 5 q_{B} = 12 p - 17, p \geq 10 q_{C} = 4 p - 15, p \geq 15$

The market supply curve equation is _______