Subsection 2.5. Price determination for Economics, O Level - revisedeck

2.5. Price determination

A subsection of Economics, 2281, through 2. The allocation of resources

Listing 4 of 4 questions

The diagram shows market demand and supply curves. O P2 price quantity S1 D1 P1 P3 Q3 Q4 Q5 Q1 Q2 To what extent is the market in disequilibrium at price P3?

2281_s20_qp_11

MCQ

2020

Paper 1, Variant 1

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What is meant by the equilibrium quantity in the market for a product?

2281_w14_qp_12

MCQ

2014

Paper 1, Variant 2

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What is meant by an equilibrium price?

2281_w15_qp_12

MCQ

2015

Paper 1, Variant 2

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The diagram shows the demand and supply for apples. 3.00 2.50 2.00 1.50 1.00 0.50 $ per kilo 200 400 600 800 1000 tonnes (000) S D To what extent is the market for apples in disequilibrium at a price of $2.50 per kilo?

2281_s22_qp_11

MCQ

2022

Paper 1, Variant 1

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Questions Discovered

4