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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 coffee

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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]

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Paper 2 structured question: Price changes

Paper 2Structured Questions4 marks

Description

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]