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Economics (AS & A Level) · Oct / Nov 2025 · Paper 12 · Question 7

9708Demand and supply curves

The diagram shows a market supply curve (S). What is measured on the X-axis and the Y-axis?

  1. AX-axis: quantity, Y-axis: income
  2. BX-axis: quantity, Y-axis: price
  3. CX-axis: price, Y-axis: income
  4. DX-axis: income, Y-axis: quantity

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Correct answer: B. X-axis: quantity, Y-axis: price

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