Quelpr
2 marksMarket Equilibrium

CAPE Economics Unit 1 · 2006 · Paper 1 · Question 2(c)

Explain why there will be a shortage of compact discs if they are sold at a price of $2.00 each.

This question uses a figure or table from the paper — you'll see it when you practise.

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Other parts of this question

  1. 2(a)Calculate the slope of the supply curve.[2 marks]
  2. 2(b)Determine the equilibrium price using the data in Table 1.[2 marks]

More practice: the rest of this paper · more Market Equilibrium questions · all CAPE Economics Unit 1 past papers