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

Demand and supply curves — practice question

The diagram illustrates supply and demand for a good. The starting equilibrium is X. If firms receive subsidies for new machinery, what will the new equilibrium be?

  • APoint A on the diagram
  • BPoint B on the diagram
  • CPoint C on the diagram
  • DPoint D on the diagram

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