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A-LevelEconomicsThe price system and the microeconomy9708/12 · Oct/Nov 2025 · Q71 Mark

The diagram shows a market supply curve (S). [Figure 7.1] What is measured on the X-axis and the Y-axis?

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AX-axis: quantity, Y-axis: income
BX-axis: quantity, Y-axis: price
CX-axis: price, Y-axis: income
DX-axis: income, Y-axis: quantity

✓ Correct answer

B: X-axis: quantity, Y-axis: price

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Topic
The price system and the microeconomy, A-Level Economics (syllabus 9708). Multiple choice, 1 mark.
Source
A-Level Economics, Oct/Nov 2025 Paper 1 Variant 2, question 7.

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