DP Economics Questionbank
Equilibrium and changes to equilibrium
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Description
[N/A]Directly related questions
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16N.2.HL.TZ0.1b:
Using a supply and demand diagram with international trade values from the text, explain the statement that “The US imported 1200 million pounds (lb) of shrimp last year and produced 100 million pounds (lb) of shrimp domestically” (paragraph [2]) (Does not need to be to scale).
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16N.3.HL.TZ0.2a.i:
Assuming that there are no restrictions on the importing of bananas into Country A:
State the quantity of bananas which will be purchased each month in Country A.
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16N.3.HL.TZ0.2a.ii:
Assuming that there are no restrictions on the importing of bananas into Country A:
Calculate the monthly expenditure on bananas imported into Country A.
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17M.2.SL.TZ0.02c:
Using a demand and supply diagram, explain why “the double effect of slowing growth in China and higher levels of production in Australia has driven the price of iron ore lower” (paragraph 1).
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17M.1.HL.TZ2.01a:
Explain how an increase in the costs of factors of production would affect the market price and output of a good.
- 18M.1.HL.TZ1.1a: With reference to the concept of excess demand, explain how a decrease in supply of a good would...
- 18N.1.SL.TZ0.1a: Explain how the price mechanism reallocates resources when there is an increase in demand for a...
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19M.2.SL.TZ0.1a.i:
Define the term excess demand indicated in bold in the text (paragraph [3]).
