Question - Imagine that the market supply of peaches comes from Georgia (GA) and South Carolina (SC). The table below shows the quantities of peaches supplied in each state at each price.
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Individual and Market Supply of Peaches
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Quantity of Peaches Supplied (pounds)
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Price (dollars per pound)
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GA
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SC
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Market
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10
|
20,000
|
18,000
|
|
|
8
|
16,000
|
15,000
|
|
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6
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12,000
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12,000
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|
|
4
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8,000
|
9,000
|
|
|
2
|
4,000
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6,000
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a. Complete the column labeled "Market."
b. The quantity of peaches supplied to the market at a price of $6 per pound is pounds.