0455.2.5.1 — market equilibrium Definition, drawing and interpretation of demand and supply schedules and curves used to establish equilibrium price and : past paper questions
Real questions on 0455.2.5.1 — market equilibrium definition, drawing and interpretation of demand and supply schedules and curves used to establish equilibrium price and
The newest 20 of 24 written questions. Open one to see it on the real paper.
- 0455/22 · October/November 2025 · Q2a[2]
Define market equilibrium.
See it on the paper → - 0455/21 · May/June 2025 · Q1e[4]
Draw a demand and supply diagram to show the effect of the discovery of new gold deposits on the market for gold.
See it on the paper → - 0455/11 · October/November 2024 · Q6[1]
Which point indicates the new equilibrium position if there is an increase in the price of a close substitute for the product while other things remain the same?
See it on the paper → - 0455/11 · October/November 2024 · Q19[1]
What can be concluded from this graph?
See it on the paper → - 0455/12 · October/November 2024 · Q7[1]
Which changes would move the equilibrium in the diagram from point X to point Z?
See it on the paper → - 0455/12 · October/November 2023 · Q9[1]
Good weather results in an increase in the demand for tomatoes. It also increases the supply of tomatoes. What must be a result of this?
See it on the paper → - 0455/12 · October/November 2023 · Q10[1]
What causes a change in the price of a product in a free market economy?
See it on the paper → - 0455/22 · October/November 2023 · Q5b[4]
how a market moves from disequilibrium to equilibrium.
See it on the paper → - 0455/23 · October/November 2023 · Q1e[4]
Draw a demand and supply diagram to show the effect of a minimum price set above the equilibrium price on the market for oranges.
See it on the paper → - 0455/21 · May/June 2023 · Q1e[4]
a demand and supply diagram to show how setting a maximum price below the equilibrium price will affect a market.
See it on the paper → - 0455/12 · October/November 2022 · Q6[1]
The diagrams show changes in market conditions. Which diagram shows a shortage at price P?
See it on the paper → - 0455/21 · May/June 2022 · Q1c[2]
why the global market for grapes was in disequilibrium in 2019.
See it on the paper → - 0455/12 · May/June 2021 · Q7[1]
What is the new equilibrium?
See it on the paper → - 0455/12 · May/June 2021 · Q11[1]
What is the new equilibrium?
See it on the paper → - 0455/12 · May/June 2021 · Q15[1]
What will stop the firm charging very high ticket prices?
See it on the paper → - 0455/22 · May/June 2020 · Q2c[6]
how a subsidy given to producers could affect the market for electric cars.
See it on the paper → - 0455/22 · February/March 2020 · Q1e[4]
Draw a demand and supply diagram to show the effects of a decrease in the costs of production on the market for cars.
See it on the paper → - 0455/11 · October/November 2019 · Q2[1]
What can be concluded from the diagram?
See it on the paper → - 0455/22 · October/November 2019 · Q1b[2]
Using information from the extract, whether the market for driverless cars is expected to be in equilibrium in 2030.
See it on the paper → - 0455/11 · May/June 2019 · Q20[1]
Which conclusion can be drawn from this information?
See it on the paper →
What examiners said
Most candidates were able to score full marks for drawing the correct diagram. This required correctly labelling both axes and the initial demand and supply curves, a correct rightward shift in the supply curve and a correct indication of the shift in equilibrium. The most common error was a lack of identification of a shift in the equilibrium. Several candidates got the demand and supply curves t...
— Examiner report, May/June 2025, 0455/21 Q1(e) (Cambridge)
Most candidates were able to correctly draw a demand and supply diagram. However, only a few were able to add on a maximum price below the equilibrium price and show the surplus demand created e.g. the gap between the supply curve and the demand curve at this maximum price. In many cases, candidates shifted the supply curve or demand curve downwards creating a new but lower equilibrium price rathe...
— Examiner report, May/June 2023, 0455/21 Q1(e) (Cambridge)
It was common for candidates to write out in full the two sentences in the source material that stated that the bad weather had led to global grape production falling by 35 per cent resulting in a shortage. Some candidates correctly wrote about the bad weather but then did not explain why this caused disequilibrium in the market. In many cases they just stated that production had fallen by 35 per...
— Examiner report, May/June 2022, 0455/21 Q1(c) (Cambridge)
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