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Economics (AS & A Level) · Oct / Nov 2022 · Paper 13 · Question 13

9708The interaction of demand and supply

The market for a product is initially in equilibrium. Which combination of changes will cause the price of the product to rise and the quantity sold to fall?

  1. Aa decrease in demand that is larger than a decrease in supply
  2. Ba decrease in demand that is smaller than a decrease in supply
  3. Can increase in demand that is larger than an increase in supply
  4. Dan increase in demand that is smaller than an increase in supply

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Correct answer: B. a decrease in demand that is smaller than a decrease in supply

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