ZIMSEC O-Level Economics

6.7.2Interaction of demand and supply; equilibrium

Interaction of demand and supply; equilibrium in ZIMSEC O-Level Economics: what the syllabus expects you to know, the learning objectives and how to practise.

Subtopic17 practice questions1 lesson

Practise this topic All Economics topics

Learning objectives

What the syllabus expects you to be able to do.

6.7.2.1Form 2: illustrate the interaction of demand and supply and explain equilibrium price, quantity and point.

Lessons

Market equilibrium, shortages and surpluses
25 min
Full access

Join to read every lesson, or see what Full access includes.

Sample question

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

Interaction of demand and supply; equilibrium: sample question

The table shows the daily market for cabbages in a fictional town.

Price per cabbage (US$)	Quantity demanded (per day)	Quantity supplied (per day)
0.35	1,180	620
0.45	1,040	760
0.55	900	900
0.65	760	1,040
0.75	620	1,180

What is the equilibrium price?

Choose one answer

AUS$0.45
BUS$0.65
CUS$0.55
DUS$0.75

Turn Interaction of demand and supply; equilibrium into a strength.

Practise with instant marking, see your mastery grow and get a study plan built around your exam date.

Start learning Economics topics