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

Demand and supply curves — practice question

The market is supplied by four firms. At $20, the market supply is 50 units and at $40 it is 100 units. The table gives each firm’s market share at those two prices. Which firm has no normal upward-sloping supply curve?

  • A10% at $20; 10% at $40
  • B20% at $20; 50% at $40
  • C30% at $20; 20% at $40
  • D40% at $20; 20% at $40

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