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Edexcel IGCSE Economics 1.1.3.i excess demand and excess supply

Edexcel IGCSE Economics 1.1.3.i excess demand and excess supply
Edexcel IGCSE Economics syllabusEconomics 4EC1First assessment 2019

Practise excess-demand and supply questions by comparing quantities, showing working and drawing the shortage or surplus.

How this is tested

  • Calculate excess demand or supply by comparing quantity demanded with quantity supplied.
  • Show working from a table or diagram and give the surplus or shortage in correct units.
  • Define excess supply or excess demand using the relationship between demand and supply.

Question 1(f)

[Maximum number: 2]

A manufacturer produced 1,350 pairs of designer sunglasses in March and sold these products in its shops in Milan, Paris and London.

Figure 1

Figure 1

Calculate the excess demand in March for the sunglasses. You are advised to show your working.