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Cambridge IGCSE Economics

2.5Price changes

Price changes in Cambridge IGCSE Economics: what the syllabus expects you to know, the learning objectives and how to practise.
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Learning objectives

What the syllabus expects you to be able to do.

  1. 2.5.1Explain how changes in demand and supply cause price changes.
  2. 2.5.2Explain the effect of price changes on sales and use demand and supply diagrams to show changes in market conditions.

Lessons

  • Price changes and the new equilibrium

    30 min

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Sample question

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

Price changes: sample question

1 mark

The demand for a good increases while supply is unchanged. What happens to the equilibrium price and quantity?

Choose one answer

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