A-LevelEconomicsThe price system and the microeconomy9708/12 · Oct/Nov 2019 · Q131 Mark
The diagrams relate to the markets for four different products. In which market would a 10% decrease in demand and simultaneously a 10% increase in supply definitely result in both a fall in equilibrium price and a rise in equilibrium quantity? [Figure 13]
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.
A[Diagram option A]
B[Diagram option B]
C[Diagram option C]
D[Diagram option D]
✓ Correct answer
A: [Diagram option A]
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