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1.3 Price determination in a competitive market

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Question 141

A shift right in the supply curve causes a market to be in disequilibrium at the original market price because:

A

consumers wish to buy more of the good than firms are willing to sell.

B

firms are unable to sell all the output they wish to supply.

C

consumers no longer wish to buy any quantity of the good.

D

firms experience a decrease in their level of unsold stocks.

Markscheme

1.3 Price determination in a competitive market Questions

  1. A Level
  2. /Economics
  3. /1.3 Price determination in a competitive market

256 exam-style questions on AQA A Level Economics 1.3 Price determination in a competitive market, covering 1.3.1 The determinants of the demand for goods and services, 1.3.2 Price, income and cross elasticities of demand, 1.3.3 The determinants of the supply of goods and services, 1.3.4 Price elasticity of supply, 1.3.5 The determination of equilibrium market prices, and 1.3.6 The interrelationship between markets. Each one has a worked solution and a mark scheme showing where the marks go.

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