Assume a market for cheese puffs with many buyers and sellers with an upward-sloping supply and downward-sloping demand. Where the demand and supply curves meet, the price is $3 and the quantity is 500 pounds.
If the sellers decide to sell for a price of $2, what would be a possible value for the quantity supplied at that price?
a. 400 pounds
b. 600 pounds
c. 500 pounds