A-LevelEconomicsThe price system and the microeconomy9708/12 · Oct/Nov 2016 · Q111 Mark
The diagram shows the market for a luxury brand of smartphones. The initial equilibrium is at point X. What will be the new equilibrium following a rise in the price of batteries used by the manufacturer of smartphones and a rise in consumer incomes?
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.
AA
BB
CC
DD
✓ Correct answer
A: A
Practise more questions on this topic
Oracle Prep sorts past-paper questions by topic, so you can drill The price system and the microeconomy and see which topics are most likely to come up next.
Sign up free →