Quelpr
12 marksMarket Equilibrium

CAPE Economics Unit 1 · 2005 · Paper 2 · Question 2(f)(ii)

Explain how FOUR of the factors listed in (f)(i) will affect the supply of digital cameras.

The mark scheme is shown once you've answered.

Practise this question

Other parts of this question

  1. 2(a)(i)Define the term 'Demand'.[2 marks]
  2. 2(a)(ii)Define the term 'Supply'.[2 marks]
  3. 2(b)Briefly explain the difference between a 'change in demand' and a 'change in the quantity demanded'.[2 marks]
  4. 2(c)(i)Copy the provided diagram representing demand and supply for digital cameras into your answer booklet.[2 marks]
  5. 2(c)(ii)Identify the equilibrium price and state the quantity of digital cameras traded at that price.[2 marks]
  6. 2(d)(i)List FIVE factors that will influence the demand for digital cameras.[5 marks]
  7. 2(d)(ii)Explain how FOUR of the factors listed in (d)(i) will affect the demand for digital cameras.[12 marks]
  8. 2(e)With the aid of a diagram show how an increase in ONE of the four factors in (d)(ii) will affect the demand curve.[6 marks]
  9. 2(f)(i)List FIVE factors that will influence the supply of digital cameras.[5 marks]

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