Note AcademyNote Academy

Economics · Oct / Nov 2025 · Paper 13 · Question 6

2281Price determination

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?

  1. Aprice 10, quantity 100
  2. Bprice 9, quantity 200
  3. Cprice 8, quantity 300
  4. Dprice 7, quantity 400

As printed in the paper

Show the answer

Correct answer: C. price 8, quantity 300

Make a free account to save your answers and see your weak topics and ask the AI why a wrong answer is wrong.