In the following graph, QS and QD represent the supply and demand curves respectively. Refer to the graph to answer the question. 
If the market price is £10:
Definitions:
Industrial Grinder
A heavy-duty machine used for reducing the size of materials through grinding or crushing in industrial settings.
Value-based Pricing
A pricing strategy where the price is based on the perceived value of a product or service to the customer rather than on the cost of production or historical prices.
Operating Cost
Costs incurred from the regular functioning of a company, encompassing lease payments, utility bills, and employee salaries.
Value-based Pricing
Pricing strategy based on the perceived value of a product or service to the customer rather than the cost of the product or competition prices.
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