Economics 2281 · O Level · Price determination

Price determination — practice question

Favourable weather leads to a rise in both the demand for and the supply of peaches. What effect will this have on the market price of peaches and the quantity traded?

  • Aprice: fall, quantity traded: fall
  • Bprice: rise, quantity traded: rise
  • Cprice: rise, quantity traded: uncertain
  • Dprice: uncertain, quantity traded: rise

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