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

Demand and supply curves — practice question

What is accurate about market supply?

  • AMarket supply can increase only when all individual firms increase their output.
  • BMarket supply is effective when consumers have sufficient income to buy the good.
  • CMarket supply is the result of aggregating the supply of all individual firms.
  • DMarket supply of an inferior good falls as price increases.

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