Economics · May / June 2021 · Paper 11 · Question 7

A tailor has four customers for her range of suits. The table shows the yearly demand for the suits she makes. [table: demand for suits — suit price ($): 800, 900, 1000, 1100; customer R: 4, 4, 3, 2; customer S: 1, 0, 0, 0; customer T: 2, 1, 1, 0; customer U: 2, 2, 1, 1] Which price should be charged to maximise the tailor's yearly revenue?

1. A$800
2. B$900
3. C$1000
4. D$1100

As printed in the paper