Note AcademyNote Academy
Start

Economics · Oct / Nov 2016 · Paper 13 · Question 4

2281Price changes

The market for a good was in equilibrium. A change occurred which resulted in a new equilibrium with a higher price for the good and a lower quantity traded. What change would have caused this?

  1. Athe demand curve moved to the left
  2. Bthe demand curve moved to the right
  3. Cthe supply curve moved to the left
  4. Dthe supply curve moved to the right

As printed in the paper

Show the answer

Correct answer: C. the supply curve moved to the left

Sit this whole paper →More on Price changes

Make a free account to save your answers and see your weak topics and ask the AI why a wrong answer is wrong.