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? Choose one: A. 16,000 B. 25,000 C. 4,000 D. 12,000 E. 28,000
Business · High School · Thu Feb 04 2021
Answered on
E. 28,000
To find the market supply at the price of $7.50, we add the quantities of both Duracell and Energizer batteries sold at that price.
According to the information provided:
- At $7.50, Duracell sells 12,000 packs of batteries. - At $7.50, Energizer sells 16,000 packs of batteries.
To find the total market supply at $7.50, we simply add these two quantities together:
12,000 packs (Duracell) + 16,000 packs (Energizer) = 28,000 packs
Therefore, the market supply of batteries at the price of $7.50 is 28,000 packs.