Economics (AS & A Level) · May / June 2022 · Paper 13 · Question 8
9708The interaction of demand and supply
The demand for tablets increases, while the cost of producing them decreases. What will be the effect on the price of tablets and on the quantity supplied?
- Aprice: fall; quantity: uncertain
- Bprice: rise; quantity: increase
- Cprice: uncertain; quantity: increase
- Dprice: uncertain; quantity: uncertain
As printed in the paper
Show the answer
Correct answer: C. price: uncertain; quantity: increase
Make a free account to save your answers and see your weak topics and ask the AI why a wrong answer is wrong.