CourseCourseConceptConceptDocsDocuments

Edexcel IGCSE Economics 1.1.3 H Market Equilibrium Excess Demand and Excess Supply Diagrams Questions

Practise market-diagram questions by shifting the correct curve, labelling new equilibrium and showing shortages or surpluses.

Syllabus
First assessment 2019
Course
Economics 4EC1

Exam points

  • Draw the correct demand or supply shift from a real-world market change.
  • Label the new equilibrium price and quantity after a subsidy, tax or demand shock.
  • Interpret a diagram showing excess demand or excess supply at a given price.

Edexcel IGCSE Economics 1.1.3 H Market Equilibrium Excess Demand and Excess Supply Diagrams Questions question 1

[Maximum number: 3]

Using the diagram below, draw the likely effects on the market for cars of the introduction of more effective technology in production. Label the new curve, the new equilibrium price and the new equilibrium quantity.

Figure 1

Figure 1

All question bank results loaded