CAIE IGCSE Economics 2.2.1 Individual & market demand
Practise defining demand, reading downward-sloping curves and combining individual quantities to form market demand at each price.
- Syllabus
- 2027–2029
- Course
- Economics 0455
Exam points
- use a demand diagram to show the inverse link between price and quantity demanded
- add individual quantities at each price to determine market demand from a table
- recognise income, willingness and price as conditions affecting consumer demand
2.2.1—Individual and market demand question 1
The diagram shows the demand curve for a good.
What can be concluded about a single downward-sloping demand curve?
A
consumers increase demand when their incomes rise
B
consumers plan to buy less when prices rise
C
firms produce less as prices rise
D
firms sell more when prices rise
All question bank results loaded