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Economics Grade 10 Unit 2: Theories of Demand and Supply
national exam questions have come from this unit. It runs 30 pages; one careful study pass takes about 2.1 hours, and its difficulty is moderate among Economics units. Each section below lists the questions set from it, with the year, and opens the page that teaches it.
2.1 Theory of Demand · read p. 18
- 2018 E.C., Q42 – Suppose the firm is operating under the market structure characterized by the increase price will reduce its quantity demanded and the decrease in price will result in an increase in quantity demanded. The shape of the d
- 2018 E.C., Q46 – Which one of the following is correct about market demand and individual demand for a commodity?
- 2012 E.C., Q30 – The law of demand states that, ceteris paribus, the higher the price of a good,
2.2 Theory of Supply · read p. 24
- 2011 E.C., Q26 – When does quantity supplied of a good increase?
2.3 Market Equilibrium · read p. 29
- 2018 E.C., Q49 – Which one of the following is correct about the effect of change in demand and supply on equilibrium price and quantity?
- 2018 E.C., Q47 – Excess supply occurs in the market when
- 2017 E.C., Q6 – Suppose the price level changed from the equilibrium of aggregate demand and short run aggregate supply in an economy. Which of the following is true about the result?
- 2017 E.C., Q22 – Consider the market for teff, what will be the impact of a government imposition of a price floor?
2.4 Elasticities of Demand and Supply · read p. 36
- 2018 E.C., Q40 – Which one of the following is correct about the effect of change in income?
- 2011 E.C., Q17 – Price elasticity of demand is defined as the _________
- 2011 E.C., Q16 – Demand for a commodity will be elastic if __________