Learning objective

Learn how price affects demand and quantity, including how to draw a demand curve and explain movements along it using terms like extensions and contractions in demand.

Read the explanation, check the common trap, then practise with flashcards and questions.

Exam focus

Cambridge IGCSE EconomicsThe allocation of resources

Study support

Understand this objective

Quick explanation

This point belongs to Demand, especially Demand outcomes.
You need to be able to learn how price affects demand and quantity, including how to draw a demand curve and explain movements along it using terms like extensions and contractions in demand.
The key ideas to know are Analyse and Explain.
Use the linked flashcards and practice questions to check recall, then practise applying the idea in an exam-style answer.

Key concepts

AnalyseExplain

Why it matters

This objective helps connect Demand outcomes to exam-style questions, flashcards, and revision notes for Demand.

Revision tools

Flashcards10 linked cards

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Practice Questions7 linked questions

Question 1 of 7

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Paper 2Structured Questions1 marks

Description

As the price of electric cars decreases, more consumers are willing to purchase them, leading to an increase in quantity demanded.

a
State the term used to describe an increase in quantity demanded due to a decrease in price.
Your answer
Aim for approximately 1 distinct marking point.
[1]

Revision notestopic notes

Open the full topic revision notes when you are ready to review this objective in context.

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