Card 1 of 26
What is the first step when analysing a change in a market?
A
When demand rises and supply falls, equilibrium price must increase.
B
Name the curve that moves: demand or supply.
C
Equilibrium quantity increases.
D
When demand and supply both rise, equilibrium quantity must increase.
Card 1 of 26
2.4.4 Analyse the interaction of demand and supply Flashcards
26 flashcards on OCR GCSE Economics 2.4.4 Analyse the interaction of demand and supply: the key terms, formulae and calculations you need to recall for Component 01 and Component 02.