The table below shows the quantity demanded and quantity supplied of a premium organic coffee product at different prices.
| Price per bag (€) | Quantity Demanded | Quantity Supplied |
|---|---|---|
| €4 | 250 | 50 |
| €6 | 200 | 100 |
| €8 | 150 | 150 |
| €10 | 100 | 200 |
| €12 | 50 | 250 |
At the market equilibrium price, what is the total revenue?
€1000€1000€1000
€1200€1200€1200
€1500€1500€1500
€1600€1600€1600
11 exam-style questions on OCR A Level Economics The interaction of markets. Each one has a worked solution and a mark scheme showing where the marks go.