Step-by-Step Lesson

Learn: Drawing Supply and Demand Diagrams Accurately

Edexcel Level 3 Advanced GCE in Business (9BS0)

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Steps in this lesson (11)

1
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Match the items on the left with their correct pairs on the right

2
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Match the items on the left with their correct pairs on the right

3
Multiple ChoiceInteractive

What does the equilibrium point on a supply and demand diagram represent?

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4
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Match the items on the left with their correct pairs on the right

5
Fill in the BlankInteractive

The vertical axis of a supply and demand diagram represents {{blank0}}, while the horizontal axis represents {{blank1}}.

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6
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Match the items on the left with their correct pairs on the right

7
MatchingInteractive

Match the items on the left with their correct pairs on the right

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8
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Match the items on the left with their correct pairs on the right

9
Multi-SelectInteractive

Which of the following can cause a supply curve to shift? (Select all that apply)

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10
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Match the items on the left with their correct pairs on the right

11
Math EquationInteractive

What is the equilibrium price if demand equals supply at £50 and the quantity is 100 units?

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