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Learning objective

Learn how price affects supply and quantity, including how to draw and interpret a supply curve, and understand terms like extensions and contractions in supply.

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  • Read the explanation.
  • Check key terms.
  • Practise with linked questions.
Cambridge IGCSE EconomicsThe allocation of resources

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Quick explanation

Learn how price affects supply and quantity, including how to draw and interpret a supply curve, and understand terms like extensions and contractions in supply

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

Key concepts

ExplainAnalyse

Why it matters

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

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Paper 2 structured question: Supply

Paper 2Structured Questions1 marks

Description

Market for Oranges

As the price of oranges rises from $1 to $2 per kilogram, the quantity supplied increases from 1000 kg to 2000 kg. Conversely, when the price falls to $0.50, the quantity supplied decreases to 500 kg.

  1. a

    State What happens to the quantity supplied of oranges when the price increases?

    Aim for approximately 1 distinct marking point.

    [1]
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Cambridge IGCSEEconomics resources