In the Following Graph, Q_S and Q_D Represent the Supply

question 21

Multiple Choice

In the following graph, Q_S and Q_D represent the supply and demand curves respectively. Refer to the graph to answer the question.
If the market price is £10:

---

Definitions:

Downloadable Software Programs

Digital applications that can be obtained via the internet and installed on personal computers, smartphones, or other devices.

Smartphone

A mobile phone that offers advanced computing abilities and connectivity, including internet access and the capability to run various applications.

Digital Metrics

Quantifiable measures used to assess and track the performance of digital marketing activities.

Click-Through Rates

A metric that measures the percentage of clicks advertisers receive on their ads per number of impressions, indicating the effectiveness of online advertising campaigns.