Changes in Demand and Supply IGCSE Economics

Where supply is greater than demand and there are unsold goods in the market. It is called..

Which of the following is not a factor to shift the demand curve?

Which is not a factor affecting the supply of goods?

A good which demand will fall if income rise or rise if income falls

A good which demand will rise if income rise or fall if income falls

Which is a correct factor affecting the supply curve

What word would you use to describe when supply is fixed?

On a supply curve, if the supply of a product increases, what happens to the price?

Price x Quantity =

The amount of a good people are willing to buy at given price over a period of time

Goods purchased together because they are consumed together

Goods bought as alternative to another but perform the same function are

There is a hurricane in central Italy, what happens to the price of tomatoes?

Which factor does not affect a shift in the supply curve

A line graph which shows how much of a good sellers are willing to supply at different prices