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6 marksMarket Equilibrium

CAPE Economics Unit 1 · 2009 · Paper 2 · Question 2(a)(iii)

Explain how a change in supply differs from a change in the quantity supplied.

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Other parts of this question

  1. 2(a)(i)Define the term 'supply'.[2 marks]
  2. 2(a)(ii)Explain the law of supply.[6 marks]
  3. 2(b)(i)Identify four major factors, other than the price of eggs, that influence the supply of eggs.[4 marks]
  4. 2(b)(ii)State how each of the four factors identified in (b)(i) influences supply.[12 marks]
  5. 2(c)Explain why each factor in (b)(i) influences supply the way it does.[20 marks]

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