Economics 9708 · AS & A Level · Maximum and minimum prices

Maximum and minimum prices — practice question

The diagram illustrates a maximum price (OM) being set for a product. An organisation purchases the entire supply at the maximum price and then sells it again illegally in order to obtain the highest possible revenue. What is the organisation’s revenue?

  • AOMVY
  • BORUX
  • CORWY
  • DOSTX

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