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Cambridge AS & A Level Economics

2The price system and the microeconomy (AS Level)

The price system and the microeconomy (AS Level) in Cambridge AS & A Level Economics: what the syllabus expects you to know, the learning objectives and how to practise.
Topic197 practice questions9 lessons

In this topic

Lessons

  • Demand: the demand curve, its determinants and shifts

    45 min

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  • Supply: the supply curve, its determinants and shifts

    40 min

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  • Income elasticity and cross elasticity of demand

    40 min

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  • PED, total revenue and pricing decisions

    45 min

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  • Price elasticity of demand: measuring and interpreting responsiveness

    45 min

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  • Price elasticity of supply

    40 min

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  • Functions of the price mechanism and links between markets

    40 min

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  • Market equilibrium and the effects of shifts in demand and supply

    50 min

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  • Consumer surplus and producer surplus

    45 min

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Sample question

A sample question on this topic. Answer it, check it, then read the worked answer.

The price system and the microeconomy (AS Level): sample question

1 mark

Which of the following causes a movement along the demand curve for tomatoes?

Choose one answer

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