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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 a raw material that was initially in disequilibrium with a surplus of 40 tonnes.

Price per tonne (€)Quantity demanded (tonnes per week)Quantity supplied (tonnes per week)
1280160
10100140
8120120
614595
417565

The market subsequently adjusted and moved to equilibrium. What was the change in the quantity demanded?

−20-20−20

−10-10−10

202020

404040

The interaction of markets Questions

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