Question 38
MediumOriginal questionTwo firms supply a market.
| Price (₹) | 10 | 20 | 30 | 40 |
|---|---|---|---|---|
| Firm A supplies | 5 | 10 | 15 | 20 |
| Firm B supplies | 0 | 8 | 16 | 24 |
What is market supply at ₹30?
Show the answer and explanation
CorrectNot quiteAnswer C
Correct answer: C
Explanation
At ₹30: 15 + 16 = 31.
- Concept
- Market supply from a schedule
- Typical timeTypical
- 70 s
- Your timeYours
- —
Practise this chapter →
Ten questions from Perfect Competition & Supply, at your own pace.