Firms R and S are the only suppliers of piano-tuning services in a town. At a price of £60 per appointment, market supply is 75 appointments each week. At that price, Firm R would offer 32 appointments each week.
What is Firm S's individual supply at £60 per appointment?
43 appointments each week
75 appointments each week
32 appointments each week
107 appointments 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.