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

Demand and supply curves — practice question

Three businesses (X, Y and Z) provide goods to a market. The table lists how much each supplies at four separate price levels. What change in price is needed for market supply to fall to half its original level?

  • A$20 to $10
  • B$30 to $10
  • C$30 to $20
  • D$40 to $20

Worked solution & mark scheme

This 1-mark question has a full step-by-step worked solution and mark scheme.

  • Full mark scheme, point by point
  • Step-by-step worked solution
  • Write your answer & get it marked instantly by AI