Quiz: Edexcel A-Level Business - Supply and Demand Graphs
all UK subjects and qualifications including GCSE, A-Level, and BTEC
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Welcome to this quiz on supply and demand graphs in business! Test your knowledge with these 10 questions tailored for Year 10 students.
What does the Y-axis represent on a supply and demand graph?
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Which of the following factors can shift the demand curve to the right? (Select all that apply)
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When supply exceeds demand, there is a {{blank0}} in the market.
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Match the items on the left with their correct pairs on the right
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What happens to the equilibrium price if supply decreases but demand stays constant?
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If the quantity demanded at £10 is 50 units and at £15 is 30 units, what is the change in quantity demanded?
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Identify the determinants of supply. (Select all that apply)
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The {{blank0}} curve slopes upward because higher prices incentivise suppliers to produce more.
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Match the items on the left with their correct pairs on the right
What does the term 'elastic demand' mean?
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