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IGCSE Demand and Supply Flashcards | StudBud
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IGCSE Demand and Supply
IGCSE Demand and Supply
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1
Floods caused severe damage to wheat production. How would this be shown on a D & S diagram?
C
D
A
B
2
If the following senario was successful, how might it be shown on a demand and supply diagram?
D
C
A
B
3
The diagrams show different conditions of demand and supply for a product
D
C
B
A
4
What changes would move the equilibrium point from X to a new point within area z?
an increase in demand with an increase in supply
a decrease in demand with a decrease in supply
a decrease in demand with an increase in supply
an increase in demand with a decrease in supply
5
What is not held constant in constructing a demand curve?
incomes of consumers
tastes of consumers
price of the good itself
prices of complementary goods
6
Consumers' incomes fall, cost of producing the good rises. Where will the new equilibrium be?
A
C
B
D
7
A supply curve for a commodity is drawn to show how quantity supplied varies with....
income
government taxes
tastes
price of the commodity
8
Fixed number of seats in a cinema. Most people would continue to attend if prices increased
A
B
C
D
9
Consumers' incomes rise and the govt. gives a subsidy to the producers of the good.
D
C
B
A
10
How would the following changes be shown on a demand and supply diagram?
C
A
D
B
