Economics · May / June 2025 · Paper 12 · Question 5
The table shows the quantity of coffee demanded per day and the quantity supplied per day. | price ($) per kilo | demand (kilos) | supply (kilos) | |---|---|---| | 12 | 16 | 26 | | 11 | 18 | 23 | | 10 | 20 | 20 | | 9 | 22 | 17 | | 8 | 24 | 14 | | 7 | 26 | 11 | At the equilibrium price, what will be the total expenditure on coffee?
- A$10
- B$20
- C$200
- D$400
As printed in the paper
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Correct answer: C. $200
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