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CSEC Economics · May/June 2007 · Paper 2 · Question 7(d)

Using the determinants identified in (c) above, discuss how these may be responsible for the demand curve shifting from D to D1 in Figure 1.

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Other parts of this question

  1. 7(a)List the TWO means by which resources are allocated in an economy.[2 marks]
  2. 7(b)Distinguish between a change in 'demand' and a change in 'quantity demanded'.[5 marks]
  3. 7(c)Explain TWO determinants of the price elasticity of demand for BMW vehicles.[5 marks]

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