Economics 0455 · IGCSE · Price determination

Price determination — practice question

The table gives the quantity demanded and the quantity supplied of a commodity at various prices. What would happen to the equilibrium price if the quantity supplied rose by 200 units at each price?

  • AIt would decrease by $1.
  • BIt would decrease by $2.
  • CIt would increase by $1.
  • DIt would increase by $2.

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