Note AcademyNote Academy
Start

Economics (AS & A Level) · Oct / Nov 2023 · Paper 13 · Question 8

9708Demand and supply curves

Good P and good Q are substitutes. There is a decrease in supply of good P because of a shortage of materials. Which row describes what will happen to demand?

  1. Agood P: contraction; good Q: extension
  2. Bgood P: contraction; good Q: shift to right
  3. Cgood P: shift to left; good Q: shift to left
  4. Dgood P: shift to left; good Q: shift to right

As printed in the paper

Show the answer

Correct answer: B. good P: contraction; good Q: shift to right

Sit this whole paper →More on Demand and supply curves

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