0455.2.5.2 — market disequilibrium Definition, drawing and interpretation of demand and supply schedules and curves used to identify disequilibrium price: past paper questions
Real questions on 0455.2.5.2 — market disequilibrium definition, drawing and interpretation of demand and supply schedules and curves used to identify disequilibrium price
The newest 8 of 8 written questions. Open one to see it on the real paper.
- 0455/02 · Specimen 2027 · Q3c[6]
Analyse how the setting of a maximum price and a minimum price can result in market disequilibrium.
See it on the paper → - 0455/22 · February/March 2025 · Q1e[4]
Draw a demand and supply diagram to show the effect of setting a maximum price on electricity.
See it on the paper → - 0455/11 · May/June 2024 · Q12[1]
What has happened?
See it on the paper → - 0455/22 · May/June 2023 · Q5c[6]
Analyse the reasons for imposing tariffs on imports.
See it on the paper → - 0455/23 · October/November 2022 · Q2a[2]
Define market disequilibrium.
See it on the paper → - 0455/21 · October/November 2021 · Q5a[2]
Define market disequilibrium.
See it on the paper → - 0455/21 · October/November 2020 · Q1f[4]
a demand and supply diagram to show the effects on flights to Turkey of greater worries about safety for tourists.
See it on the paper → - 0455/23 · May/June 2020 · Q5c[6]
Analyse the possible effects of a shortage of a product such as energy on an economy.
See it on the paper →
What examiners said
There were a pleasing number of good diagrams showing how a maximum price would impact the market for electricity. The strongest ones showed the quantity demanded and the quantity supplied at the maximum price. Some candidates, however, showed the demand or supply curve shifting. A small number of candidates got the demand and supply curve round the wrong way. An even smaller number of candidates...
— Examiner report, February/March 2025, 0455/22 Q1(e) (Cambridge)
This was generally well answered. Most candidates identified and analysed a number of reasons. These included improving the current account position, helping domestic firms, gaining tax revenue and stopping or reducing the import of demerit goods. There was good awareness shown of infant (sunrise) industries and declining (sunset) industries and a relatively high proportion of candidates revealed...
— Examiner report, May/June 2023, 0455/22 Q5(c) (Cambridge)
In general, the majority of candidates were able to explain that market disequilibrium meant there was either a surplus or a deficit in either demand or supply or that demand and supply were not equal or matched. Weak answers tended to focus on price and quantity e.g. ‘Market disequilibrium is where prices and quantity keep changing.’
— Examiner report, October/November 2022, 0455/23 Q2(a) (Cambridge)
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