CSEC Economics · May/June 2014 · Paper 2 · Question 7(a)
Define the term 'market equilibrium'.
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Practise this questionOther parts of this question
- 7(b)Identify the TWO main market forces in an economy.[2 marks]
- 7(c)List THREE causes of market failure.[3 marks]
- 7(d)Explain the statement regarding gasoline price hike in the context of cross elasticity of demand.[8 marks]
- 7(e)Discuss TWO impacts on the market that may result from the introduction of a low-cost airline carrier in the Caribbean.[5 marks]
More practice: the rest of this paper · more Price Determination and Market Equilibrium questions · all CSEC Economics past papers