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2.4.6 Market forces and equilibrium

Card 1 of 22

After an increase in demand, how do equilibrium price and quantity move?

A

The supply curve shifted left.

B

Higher price brings extra supply along the supply curve.

C

Both rise.

D

900 thousand tubs a week.

Card 1 of 22

2.4.6 Market forces and equilibrium Flashcards

  1. GCSE
  2. /Economics
  3. /2.4.6 Market forces and equilibrium

22 flashcards on OCR GCSE Economics 2.4.6 Market forces and equilibrium: the key terms, formulae and calculations you need to recall for Component 01 and Component 02.

Flashcards