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

Demand and supply curves — practice question

There are four firms supplying the market. Market supply is 50 units at $20 and 100 units at $40. The table lists the market share of each firm at the two prices. Which firm does not show a normal upward-sloping supply curve?

  • A% market share at $20: 10; at $40: 10
  • B% market share at $20: 20; at $40: 50
  • C% market share at $20: 30; at $40: 20
  • D% market share at $20: 40; at $40: 20

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