A bus driver works longer hours if the wage rate increases. As his earnings increase there reaches a point when he prefers more leisure to work. Which supply curve, S, represents this situation?

0455_s15_qp_11

MCQ

2015

Paper 1, Variant 1

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What will be the impact on the market for oil of the closure of the world’s largest oil field for maintenance work?

0455_m17_qp_12

MCQ

2017

Paper 1, Variant 2

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Russia is the world’s third largest exporter of grain but much of the country’s farmland was damaged by fire in 2010. How would this be represented on demand and supply diagrams for the Russian grain market and for a country importing Russian grain?

0455_s14_qp_11

MCQ

2014

Paper 1, Variant 1

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A supply curve shows the link between the quantity supplied and A demand. B equilibrium output. C the price of the product. D the scale of production.

0455_s14_qp_12

MCQ

2014

Paper 1, Variant 2

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Russia is the world’s third largest exporter of grain but much of the country’s farmland was damaged by fire in 2010. How would this be represented on demand and supply diagrams for the Russian grain market and for a country importing Russian grain?

0455_s14_qp_13

MCQ

2014

Paper 1, Variant 3

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The diagram shows the supply curve for a good. X Y S price $ O quantity What is the name and cause of the movement from X to Y?

0455_s23_qp_13

MCQ

2023

Paper 1, Variant 3

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In the diagram, which supply curve has the perfectly inelastic supply?

0455_s23_qp_13

MCQ

2023

Paper 1, Variant 3

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Supermarkets sell petrol outside their stores. They reduce the price of petrol below other suppliers to attract more customers to buy goods in the store when they buy more petrol. If this were successful, how might it be shown...

0455_s24_qp_12

MCQ

2024

Paper 1, Variant 2

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Supermarkets sell petrol outside their stores. They reduce the price of petrol below other suppliers to attract more customers to buy goods in the store when they buy more petrol. If this were successful, how might it be shown...

0455_w13_qp_13

MCQ

2013

Paper 1, Variant 3

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In recent years the price of crude oil on the world market has fallen dramatically. One cause has been the increase in oil obtained by the new extraction process of fracking. How is this shown...

0455_w17_qp_13

MCQ

2017

Paper 1, Variant 3

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