Three firms manufacture metal water bottles. Their planned weekly quantities supplied at different prices are shown below.
| Price per bottle | Firm A (bottles per week) | Firm B (bottles per week) | Firm C (bottles per week) |
|---|---|---|---|
| £8 | 140 | 165 | 125 |
| £12 | 210 | 240 | 190 |
Calculate the increase in market quantity supplied when the price rises from £8 to £12 per bottle.
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.