The diagram shows the global market for copper with an equilibrium point of X. Which point represents the new equilibrium after the copper producers’ costs increase and there is rapid global economic growth?

0455_w20_qp_12

MCQ

2020

Paper 1, Variant 2

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In an African country with large areas of tropical desert the price elasticity of demand for salt is highly inelastic. This will result in greater consumer expenditure on salt when price changes from P1 to P2. Which diagram illustrates this situation?

0455_w20_qp_13

MCQ

2020

Paper 1, Variant 3

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What is a macroeconomic concept?

0455_w21_qp_11

MCQ

2021

Paper 1, Variant 1

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The diagrams show changes in the demand and supply curves for a good. Which diagram shows the effect of a government providing a subsidy for the good?

0455_w21_qp_11

MCQ

2021

Paper 1, Variant 1

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The table shows the quantity demanded at different prices. price $ quantity demanded For which fall in price is the demand price-inelastic?

0455_w21_qp_12

MCQ

2021

Paper 1, Variant 2

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The diagram shows a shift in the supply curve for New Zealand’s airlines from S1 to S2. S1 S2 O price quantity What is the cause of this shift?

0455_w21_qp_13

MCQ

2021

Paper 1, Variant 3

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Public transport and cars are substitute goods. The price of public transport rises. What will happen to the demand for cars?

0455_w23_qp_12

MCQ

2023

Paper 1, Variant 2

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Which statement must be correct if a market is in disequilibrium?

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MCQ

2023

Paper 1, Variant 3

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What would cause the supply curve for an agricultural product to shift to the right?

0455_w23_qp_13

MCQ

2023

Paper 1, Variant 3

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The diagram shows a demand curve. O D X Y P2 Q2 Q1 P1 price quantity What does the movement from X to Y show?

0455_w23_qp_13

MCQ

2023

Paper 1, Variant 3

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