Economics · Oct / Nov 2024 · Paper 13 · Question 5

The table shows the amounts demanded and supplied of tomatoes at different prices. The initial equilibrium is at a price of $40. The following year, more efficient harvesting means that the supply increases by 50% at each price. What will happen to the suppliers' total revenue?

1. AIt will fall by $10.
2. BIt will fall by $40.
3. CIt will rise by $10.
4. DIt will rise by $200.

As printed in the paper