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The interaction of markets

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Question 4

The table below shows the weekly demand and supply schedules for organic avocados in a regional market.

Price per box (£)Quantity demanded (thousand boxes per week)Quantity supplied (thousand boxes per week)
2080200
17105170
14140140
11180110
823070

The market was initially in disequilibrium with a shortage of 70 thousand boxes per week, but subsequently adjusted and moved to equilibrium. What was the change in the quantity supplied (in thousand boxes per week)?

−40-40−40

−30-30−30

+30+30+30

+40+40+40

The interaction of markets Questions

  1. A Level
  2. /Economics
  3. /The interaction of markets