If the price of apples falls, what is likely to happen..

The demand for apples will increase

DEMAND can be defined as the....

amount of a good cust. are prep to buy at different prices

Which of the following would cause the demand curve for cars to shift to the right

An increase in public transport prices

SUPPLY can be defined as the....

amount of a good firms are prep to sell at different prices.

A drought affects the production of tea. How would this be represented on a S and D diagram.

Price of tea rises, supply shifts to left

The diagram shows the market for fresh fish. The shift from S1 to S2 is likely to be caused by

A rise in the price of marine diesel

Which of the following would shift the demand for alcohol to the left

A health scare linking alcohol with heart disease

Which of these would cause the shift from S to S1 in the market for fresh bread

An increase in subsidies from the government

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GCSE Economics: Demand & Supply

10 termsStudBud Administration364 plays

Basic economics/demand and supply

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Questions 10

Answers

1
A rise in house prices may be caused by...
An increase in house building
A rise in interest rates
A fall in incomes
A fall in interest rates
2
If the price of apples falls, what is likely to happen..
The demand curve for apples will shift to the right
The demand for apples will increase
The supply of apples will increase
The demand for apples will decrease
3
In the diagram, the point where the Supply and Demand lines cross is known as..
Deficit
The Equilibrium
Surplus
The Break Even point
4
DEMAND can be defined as the....
amount of a good firms are prep. to sell at different prices
amount of a good cust. are prep to buy at different prices
sales of a particular good or service
amount of goods and services available in a market
5
Which of the following would cause the demand curve for cars to shift to the right
A fall in incomes
A rise in petrol prices
A fall in the price of cars
An increase in public transport prices
6
SUPPLY can be defined as the....
amount of a good firms are prep to buy at a different prices
amount of a good customers will buy at a given price
amount of a good firms are prep to sell at different prices.
amount of all goods and services sold in a market
7
A drought affects the production of tea. How would this be represented on a S and D diagram.
Price of tea falls, demand curve shifts to left
Price of tea rises, demand curve shifts to left
Price of tea falls, supply curve shifts to left
Price of tea rises, supply shifts to left
8
The diagram shows the market for fresh fish. The shift from S1 to S2 is likely to be caused by
A fall in consumer incomes
Improved technology in the fishing industry
An increased preference for fish by consumers
A rise in the price of marine diesel
9
Which of the following would shift the demand for alcohol to the left
A health scare linking alcohol with heart disease
A decrease in indirect tax on alcohol
An increaase in indirect tax on alcohol
An increase in real income
10
Which of these would cause the shift from S to S1 in the market for fresh bread
A rise in real incomes
A rise in the wages of the bakers
An increase in subsidies from the government
An increase in the price of flour

GCSE Economics: Demand & Supply Flashcards | StudBud