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Economics Edexcel
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The market system
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Question 48
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Markscheme
Table 1: Demand and Supply for Serena's Candles
Price (£)
Weekly Quantity Demanded
Weekly Quantity Supplied
24
50
110
20
80
80
16
100
60
12
120
40
What is the equilibrium price of Serena's candles shown in Table 1?
A
£24
B
£20
C
£16
D
£12
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