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Cambridge IGCSE Economics practice

Paper 2 structured question: Price changes

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Price changes

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Paper 2Structured Questions4 marks

Market for smartphones

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Impact of Price Changes on Smartphone Market

The price of smartphones has decreased significantly due to technological advancements and increased competition among manufacturers. This has led to a surge in consumer interest and sales.

  1. a

    Explain how the decrease in smartphone prices affects the equilibrium price and quantity in the market.

    Aim for approximately 4 distinct marking points.

    [4]

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Paper 2 structured question: Price changes

Paper 2Structured Questions4 marks

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Effects of Price Increase in Coffee Market

Due to a poor harvest, the price of coffee has risen sharply. This has caused concern among consumers and has affected sales.

  1. a

    Discuss the effects of the price increase on the equilibrium price and quantity of coffee.

    Aim for approximately 4 distinct marking points.

    [4]