A-LevelEconomicsThe price system and the microeconomy9708/12 · Oct/Nov 2015 · Q121 Mark
The diagram shows demand and supply curves for petrol (gas). The initial equilibrium is at X. What could be the new equilibrium if there were a large fall in the price of cars? [Figure 12.1]
This question uses a diagram from the original paper, which isn't shown here. Open the full paper from the past papers archive to see it.
APoint A
BPoint B
CPoint C
DPoint D
✓ Correct answer
B: Point B
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