Cambridge IGCSE Economics practice

Paper 2 structured question: Demand

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Paper

Marks

Topic

Demand

Exam-style question

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Paper 2Structured Questions3 marks

The demand for a popular smartphone has changed significantly over the past year.

Description

As the price of the smartphone increased, the quantity demanded decreased, illustrating the law of demand.

a
Explain how a price increase affects the quantity demanded of the smartphone.
Your answer
Aim for approximately 3 distinct marking points.
[3]

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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]