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A-LevelEconomicsThe price system and the microeconomy9708/12 · Feb/Mar 2020 · Q71 Mark

The diagram shows the market for strawberries. The original equilibrium position is X. What will be the new position following the failure of strawberries to ripen and a fall in the price of cream (a complement to strawberries)? [Figure 7.1]

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A: A

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Topic
The price system and the microeconomy, A-Level Economics (syllabus 9708). Multiple choice, 1 mark.
Source
A-Level Economics, Feb/Mar 2020 Paper 1 Variant 2, question 7.

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