A-level Paper 1, June 2017Markets and Business Behaviour
A-level Paper 1, June 2017, Q1(a)
Calculate the new equilibrium price and quantity following the successful advertising campaign and the fall in production costs. Use the last two columns for your working.
Short answerCalculate4 marks
Context
The table shows market data for e-cigarette kits. The original equilibrium price is £23. Quantity Quantity New quantity New quantity Price demanded per supplied per demanded per supplied per £ month (000) month (000) month (000) month (000)
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