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Edexcel A-Level Business AS Qs3 Standard Graphical Forms Questions

Construct clear supply and demand diagrams by labelling axes, curves and equilibria, applying the modelled change and showing its effect on market price and quantity.

Syllabus
First assessment 2019
Course
Business XBS11/YBS11
Level
AS

Exam points

  • Construct a supply and demand diagram with price and quantity axes correctly labelled
  • Label supply, demand and the original equilibrium price and quantity
  • Apply the correct supply-curve shift for the subsidy change modelled in the question
  • Show the new equilibrium and the resulting changes in market price and quantity

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