Economics 9708 · AS & A Level · Demand and supply curves

Demand and supply curves — practice question

The table shows the short-run supply schedules for three firms X, Y and Z, which make up an industry. Which option is a point on the industry’s short-run supply schedule?

  • Aprice ($) 1 quantity supplied (units) 600
  • Bprice ($) 3 quantity supplied (units) 650
  • Cprice ($) 3 quantity supplied (units) 700
  • Dprice ($) 4 quantity supplied (units) 900

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