O-LevelEconomicsThe allocation of resources2281/12 · Oct/Nov 2021 · Q71 Mark

An economy relies on potash to make fertiliser. A new deposit of potash is discovered. Which diagram shows this change in the market for potash?

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 showing supply curve shifting to the right (S1 to S2), demand curve D1 constant]

B[Diagram showing supply curve shifting to the left (S1 to S2), demand curve D1 constant]

C[Diagram showing supply curve shifting to the left (S2 to S1), demand curve D1 constant]

D[Diagram showing supply curve shifting to the right (S1 to S2), demand curve D1 constant]

✓ Correct answer

D: [Diagram showing supply curve shifting to the right (S1 to S2), demand curve D1 constant]

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Topic: The allocation of resources, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source: O-Level Economics, Oct/Nov 2021 Paper 1 Variant 2, question 7.

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