Consumer X is the biggest of five consumers and accounts for 50% of sales. The table gives the quantity of the good demanded by consumer X and the market supply of the good. What is the market equilibrium price?
- A$4
- B$6
- C$8
- D$10
Economics 9708 · AS & A Level · Income elasticity of demand
Consumer X is the biggest of five consumers and accounts for 50% of sales. The table gives the quantity of the good demanded by consumer X and the market supply of the good. What is the market equilibrium price?