Economics 2281 · O Level · Price determination

Price determination — practice question

The table presents the market schedule for good X. If quantity supplied rises by 50% at every price, what equilibrium price and quantity will result?

  • Aprice 10, quantity 100
  • Bprice 9, quantity 200
  • Cprice 8, quantity 300
  • Dprice 7, quantity 400

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