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6 marksNon-Price Determinants of Demand and Supply

CSEC Economics · May/June 2012 · Paper 2 · Question 2(c)

A computer store has reduced its price of computers. Using TWO separate diagrams, one for computers and the other for printers (related products), explain the effect of the reduction in price on the equilibrium price and quantity for computers and printers.

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Other parts of this question

  1. 2(a)Define the term 'cartel'.[2 marks]
  2. 2(b)List THREE characteristics of an oligopolistic market structure.[3 marks]
  3. 2(d)Explain TWO problems that can arise from a firm being the only producer in the market.[4 marks]

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