A-LevelEconomicsThe price system and the microeconomy9708/12 · Feb/Mar 2020 · Q111 Mark

The table shows the supply and demand for avocados in Mexico City. As a result of lower transport costs, supply rises by 60 kg at all prices. What is the new equilibrium price?

A$45

B$40

C$35

D$30

✓ Correct answer

C: $35

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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 11.

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