A-LevelEconomicsThe price system and the microeconomy9708/12 · Oct/Nov 2010 · Q91 Mark
The table shows the market demand for a product and the individual supply of the three firms X, Y and Z in the industry. price market supply supply supply $ demand by X by Y by Z (000) (000) (000) (000) 40 60 50 10 20 30 70 41 11 18 20 80 34 10 16 10 90 30 9 11 What is the equilibrium market price?
A$40
B$30
C$20
D$10
✓ Correct answer
B: $30
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