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The interaction of markets

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Question 5

The table below shows the quantity demanded and quantity supplied of a premium organic coffee product at different prices.

Price per bag (€)Quantity DemandedQuantity Supplied
€425050
€6200100
€8150150
€10100200
€1250250

At the market equilibrium price, what is the total revenue?

€1000€1000€1000

€1200€1200€1200

€1500€1500€1500

€1600€1600€1600

The interaction of markets Questions

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