Economics · Oct / Nov 2025 · Paper 13 · Question 6
The table shows the market schedule for good X. | price | quantity supplied | quantity demanded | |---|---|---| | 10 | 400 | 100 | | 9 | 300 | 200 | | 8 | 200 | 300 | | 7 | 100 | 400 | If the quantity supplied increases by 50% at each price, what will the equilibrium price and quantity be?
- Aprice 10, quantity 100
- Bprice 9, quantity 200
- Cprice 8, quantity 300
- Dprice 7, quantity 400
As printed in the paper
Show the answer
Correct answer: C. price 8, quantity 300
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