O-LevelEconomicsThe allocation of resources2281/12 · May/June 2025 · Q51 Mark
The table shows the quantity of coffee demanded per day and the quantity supplied per day. price ($) per kilo demand (kilos) supply (kilos) 12 16 26 11 18 23 10 20 20 9 22 17 8 24 14 7 26 11 At the equilibrium price, what will be the total expenditure on coffee?
A$10
B$20
C$200
D$400
✓ Correct answer
C: $200
Practise more questions on this topic
Oracle Prep sorts past-paper questions by topic, so you can drill The allocation of resources and see which topics are most likely to come up next.
Sign up free →