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, that together make up an industry. Which option is a point on the industry’s short-run supply schedule?

  • Aprice $2; quantity supplied 300 units
  • Bprice $3; quantity supplied 350 units
  • Cprice $3; quantity supplied 450 units
  • Dprice $4; quantity supplied 1150 units

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