In a local market with only two cycle-repair workshops, market supply at £30 per repair is 120 repairs each week. Workshop Alder offers 40 repairs each week at this price.
How many repairs does the other workshop offer each week at £30 per repair?
40 repairs each week
60 repairs each week
160 repairs each week
80 repairs each week
81 exam-style questions on OCR GCSE Economics 2.3 Supply, covering 2.3.1 What is supply, 2.3.2 Draw a supply curve using data, 2.3.3 Explain a supply curve, 2.3.4 Shifts and movements of the supply curve, 2.3.5 Causes and consequences of supply changes, 2.3.6 Price elasticity of supply, 2.3.7 Draw supply curves of different elasticity, and 2.3.8 Importance of price elasticity of supply. Each one has a worked solution and a mark scheme showing where the marks go.