The table below shows the supply schedules for 3 sellers in a market.
\begin{tabular}{llll}
Price & \begin{tabular}{l}
Seller 1's quantity \
supplied
\end{tabular} & \begin{tabular}{l}
Seller 2's quantity \
supplied
\end{tabular} & \begin{tabular}{l}
Seller 3's quantity \
supplied
\end{tabular} \
\hline$\$ 1$ & 0 & 0 & 1 \
$\$ 2$ & 1 & 0 & 2 \
$\$ 3$ & 3 & 1 & 3 \
$\$ 4$ & 5 & 2 & 4 \
$\$ 5$ & 7 & 3 & 5
\end{tabular}

How much is supplied in this market at a price of $\$ 2$ and at a price of $\$ 5 ?$
Choose 1 answer:
(A) 2 units when the price is $\$ 2 ; 8$ units when the price is $\$ 5$
(B) 2 units when the price is $\$ 2 ; 5$ units when the price is $\$ 5$
(c) 3 units when the price is $\$ 2 ; 15$ units when the price is $\$ 5$
(D) 3 units when the price is $\$ 2 ; 7$ units when the price is $\$ 5$
(E) 0 units when the price is $\$ 2 ; 3$ units when the price is $\$ 5$

Related content
Law of supply
Change in supply versus change in quantity supplied
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Question

The table below shows the supply schedules for 3 sellers in a market.
\begin{tabular}{llll} 
Price & \begin{tabular}{l} 
Seller 1's quantity \
supplied
\end{tabular} & \begin{tabular}{l} 
Seller 2's quantity \
supplied
\end{tabular} & \begin{tabular}{l} 
Seller 3's quantity \
supplied
\end{tabular} \
\hline$\$ 1$ & 0 & 0 & 1 \
$\$ 2$ & 1 & 0 & 2 \
$\$ 3$ & 3 & 1 & 3 \
$\$ 4$ & 5 & 2 & 4 \
$\$ 5$ & 7 & 3 & 5
\end{tabular}

How much is supplied in this market at a price of $\$ 2$ and at a price of $\$ 5 ?$
Choose 1 answer:
(A) 2 units when the price is $\$ 2 ; 8$ units when the price is $\$ 5$
(B) 2 units when the price is $\$ 2 ; 5$ units when the price is $\$ 5$
(c) 3 units when the price is $\$ 2 ; 15$ units when the price is $\$ 5$
(D) 3 units when the price is $\$ 2 ; 7$ units when the price is $\$ 5$
(E) 0 units when the price is $\$ 2 ; 3$ units when the price is $\$ 5$

Related content
Law of supply
Change in supply versus change in quantity supplied
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Accepted Answer

Sure, let's address each of your questions one by one. ### Question 1: Relationship between T-shirts and Gym Classes as Complementary Goods When two goods are complementary, an increase in the price of one good will lead to a decrease in the demand for the other good. In this case, if the price of gym classes increases, Pam would likely reduce her demand for gym classes. Consequently, her demand for T-shirts, which are complementary to gym classes, would also decrease. ∻Solution∻ ‖ a ⋮ Definition of Complementary Goods: Complementary goods are products that are typically consumed together. ‖ ‖ b ⋮ Impact of Price Increase: When the price of one complementary good (gym classes) increases, the demand for the other complementary good (T-shirts) decreases. ‖ ∻Answer∻ ⚹ Pam would reduce her demand for both gym classes and T-shirts. ⚹ ∻Key Concept∻ ⚹ Complementary Goods ⚹ ∻Explanation∻ ⚹ When the price of one complementary good increases, the demand for the other complementary good decreases. ⚹ ### Question 2: Impact of Interventions on Healthcare Provided to Children The impact of different interventions on the amount of healthcare provided to children in a community can vary. For example, subsidies for healthcare services, public health campaigns, and improved access to healthcare facilities can all increase the amount of healthcare provided. ∻Solution∻ ‖ a ⋮ Types of Interventions: Subsidies, public health campaigns, and improved access to healthcare facilities. ‖ ‖ b ⋮ Impact on Healthcare: These interventions can increase the amount of healthcare provided to children by making it more affordable and accessible. ‖ ∻Answer∻ ⚹ Interventions like subsidies, public health campaigns, and improved access to healthcare facilities can increase the amount of healthcare provided to children. ⚹ ∻Key Concept∻ ⚹ Healthcare Interventions ⚹ ∻Explanation∻ ⚹ Different interventions can increase the amount of healthcare provided by making it more affordable and accessible. ⚹ ### Question 3: Difference Between Change in Quantity Demanded and Change in Demand A change in quantity demanded refers to a movement along the demand curve due to a change in the price of the good. A change in demand refers to a shift of the entire demand curve due to factors other than the price of the good, such as changes in income, preferences, or prices of related goods. ∻Solution∻ ‖ a ⋮ Change in Quantity Demanded: Movement along the demand curve due to a change in the price of the good. ‖ ‖ b ⋮ Change in Demand: Shift of the entire demand curve due to factors other than the price of the good. ‖ ∻Answer∻ ⚹ Change in quantity demanded is a movement along the demand curve, while change in demand is a shift of the entire demand curve. ⚹ ∻Key Concept∻ ⚹ Change in Quantity Demanded vs. Change in Demand ⚹ ∻Explanation∻ ⚹ Change in quantity demanded is due to price changes, while change in demand is due to other factors. ⚹ ### Question 4: Supply in the Market at Specific Prices To determine the total quantity supplied in the market at a price of $2 and $5, we sum the quantities supplied by all sellers at those prices. ∻Solution∻ ‖ a ⋮ Price $2: Sum the quantities supplied by Seller 1, Seller 2, and Seller 3. ‖ ‖ b ⋮ Calculation: $1 + 0 + 2 = 3$ units. ‖ ‖ c ⋮ Price $5: Sum the quantities supplied by Seller 1, Seller 2, and Seller 3. ‖ ‖ d ⋮ Calculation: $7 + 3 + 5 = 15$ units. ‖ ∻Answer∻ ⚹ 3 units when the price is $2; 15 units when the price is $5. ⚹ ∻Key Concept∻ ⚹ Market Supply ⚹ ∻Explanation∻ ⚹ The total quantity supplied in the market is the sum of the quantities supplied by all sellers at a given price. ⚹ I hope this helps! If you have any more questions, feel free to ask.◊What is the total quantity supplied in the market at a price of $2 and at a price of $5 based on the supply schedules provided?⍭ Generate me a similar question◊

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