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Northern IrelandEconomicsQuick questions
AS 1: The Market System
Quick questions on Demand, supply and market equilibrium - CCEA A-Level Economics AS 1
3short Q&A pairs drawn directly from our worked dot-point answer. For full context and worked exam questions, read the parent dot-point page.
What is q1?Show answer
Define consumer surplus. [2 marks]
What is q2?Show answer
Explain two conditions of demand that could shift the demand curve for new cars to the right. [4 marks]
What is q3?Show answer
Using a diagram, explain what happens to equilibrium price and quantity when both demand and supply increase. [6 marks]
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