In a market there is a shortage of a good. What change would cause the market to come to an equilibrium?

0455_m16_qp_12

MCQ

2016

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The market for a good was in equilibrium. A change occurred which resulted in a new equilibrium with a higher price for the good and a lower quantity traded. Which change would have caused this?

0455_m23_qp_12

MCQ

2023

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What would not cause a shift in the supply curve?

0455_m24_qp_12

MCQ

2024

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The price of a good is temporarily above the market equilibrium price. What must happen for the market to be brought back to equilibrium?

0455_s06_qp_1

MCQ

2006

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In many countries, the price of personal computers has fallen while the quantity sold has risen. What is the most likely reason for these changes?

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MCQ

2007

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Due to good weather, there is a surplus in the market for an agricultural product. Which change would cause the market to return to equilibrium?

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MCQ

2008

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What combination of events might cause a rise in the willingness and the ability of consumers to buy a product?

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MCQ

2008

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Which diagram best represents the market for tickets for a world famous tennis tournament?

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MCQ

2008

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The market for a good was in equilibrium. A change occurred which resulted in a new equilibrium with a higher price for the good and a lower quantity traded. What change would have caused this?

0455_s09_qp_1

MCQ

2009

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A large amount of the agricultural products in a country were damaged by floods. What is likely to have happened to the price of agricultural products and the volume of imports of agricultural products?

0455_s09_qp_1

MCQ

2009

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