Quelpr
2 marksMarket Equilibrium

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

Table 1 shows the market demand and supply schedules for compact discs at various prices.

Calculate the slope of the supply curve.

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

The mark scheme is shown once you've answered.

Practise this question

Other parts of this question

  1. 2(b)Determine the equilibrium price using the data in Table 1.[2 marks]
  2. 2(c)Explain why there will be a shortage of compact discs if they are sold at a price of $2.00 each.[2 marks]

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