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Learning objective

Identify the factors that lead to changes in prices, focusing on how shifting market conditions can influence these changes.

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Cambridge IGCSE EconomicsThe allocation of resources

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Quick explanation

Identify the factors that lead to changes in prices, focusing on how shifting market conditions can influence these changes

  • This point belongs to Price changes, especially Price changes outcomes.
  • You need to be able to identify the factors that lead to changes in prices, focusing on how shifting market conditions can influence these changes.
  • The key ideas to know are Identify, Explain, and Describe.
  • Use the linked flashcards and practice questions to check recall, then practise applying the idea in an exam-style answer.

Key concepts

IdentifyExplainDescribe

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

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Paper 2 structured question: Price changes

Paper 2Structured Questions1 marks

Description

Market Changes for Electric Cars

The demand for electric cars has increased due to environmental concerns and government incentives. However, production costs have also risen due to supply chain issues.

  1. a

    State one factor that has increased the demand for electric cars.

    Aim for approximately 1 distinct marking point.

    [1]
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Cambridge IGCSEEconomics resources