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O-LevelEconomicsThe allocation of resources2281/12 · Oct/Nov 2018 · Q51 Mark

The diagram shows the market for a firm making clothing with an initial equilibrium of X. What will be the new equilibrium if there is a successful advertising campaign by a rival firm and an increase in workers' wages?

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A: A

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About this question

Topic
The allocation of resources, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source
O-Level Economics, Oct/Nov 2018 Paper 1 Variant 2, question 5.

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