Quelpr
3 marksMarket Equilibrium

CAPE Economics Unit 1 · 2005 · Paper 1 · Question 4(a)

Market demand and supply schedule for milk.

Construct the demand and supply diagram for milk using the data provided in Table 2.

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

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Practise this question

Other parts of this question

  1. 4(b)Indicate the equilibrium price and equilibrium quantity on the diagram drawn in part (a).[2 marks]
  2. 4(c)Define the term 'equilibrium'.[1 mark]

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