CAIE A-Level Economics AS 2.1.2 Individual and Market Demand Supply Questions

Practise constructing market demand and supply from individual schedules, interpreting curves, tables and price-quantity relationships using CAIE Economics AS questions.

Exam points

Construct and interpret individual and market demand and supply curves, including horizontal aggregation, market schedules and the relationship between price and quantity.

[Maximum number: 1]

What most accurately describes a market supply curve?

supply at different income levels, assuming product prices remain unchanged

supply at different levels of factor prices, assuming product prices remain unchanged

supply at different prices, assuming no changes in technology

supply at different time periods, assuming no changes in technology

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CAIE A-Level Economics AS 2.1.2 Individual and Market Demand Supply Questions question 1