Note AcademyNote Academy

Economics (AS & A Level) · May / June 2023 · Paper 12 · Question 13

9708The interaction of demand and supply

What would cause a market disequilibrium?

  1. Awhen a decrease in the demand for a product leads to a price fall that results in some producers leaving the market
  2. Bwhen a decrease in the demand for a product leads to some producers being unable to sell products at the current price
  3. Cwhen a decrease in the supply of a product leads to a price rise that results in the market for the product clearing
  4. Dwhen a decrease in the supply of a product leads to a price rise that makes it too expensive for some poorer households

As printed in the paper

Show the answer

Correct answer: B. when a decrease in the demand for a product leads to some producers being unable to sell products at the current price

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