I just need help with part B. We didn't go over it in class and I'm not understanding how to do it with the notes supplied. Thank you!
2) The following table shows the number of cases of bottled water each seller is willing to sell at the prices listed.
Price per Alpine case Springs: $0.00, Ocases: $3.00, 100cases: $6.00, 200 cases: $9.00, 300 cases
Cascade Brook Mountain Waters: O cases, O cases, 40 cases, 60 cases, 80 cases, 120 cases, 120 cases, 180 cases
Dew Good Market Supply: ?, ?, ?, ?
Market Demand: 800 cases, 700 cases, 600 cases, 500 cases
O cases, 100 cases, 200 cases, 300 cases
a) Assuming the four companies listed are the only companies in the market, fill in the total quantity supplied to the market at each price (in place of the question marks. 4 points)
b) Based on this information, give the function for market supply. Hint: It can be written as Q$ = P. 2 points
c) What is the equilibrium price and quantity in this market? Explain your answer. (3 points)