CAIE A-Level Economics AS 2.4.3 Relationships Between Markets Questions

Practise identifying substitutes, complements, joint demand and joint supply, and analysing how changes in one market affect related goods using diagrams.

Exam points

Identify substitutes, complements, joint demand and joint supply, and analyse how changes in one market affect related goods.

[Maximum number: 1]

Good P and good Q are substitutes. There is a decrease in supply of good P because of a shortage of materials.

Which row describes what will happen to demand?

good P

good Q

contraction

extension

contraction

shift to right

shift to left

shift to right

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CAIE A-Level Economics AS 2.4.3 Relationships Between Markets Questions question 1