Demand — Paper 1 · IGCSE Economics (9-1) 0987

7 A tailor has four customers for her range of suits. The table shows the yearly demand for the suits she makes. demand for suits suit price customer R customer S customer T customer U ($) 800 4 1 2 2 900 4 0 1 2 1000 3 0 1 1 1100 2 0 0 1 Which price should be charged to maximise the tailor’s yearly revenue? A $800 B $900 C $1000 D $1100

1 marks

Answer: A

This question in 0987/11 May/June 2021

5 What determines a consumer’s demand for a product? the consumer’s the consumer’s willingness to buy the price income the product of the product A J Jv J B J Jv x Cc x Jv J D J x J

1 marks

Answer: A

This question in 0987/12 May/June 2021

2 What could cause an increase in demand for a factor of production? A decrease in the efficiency of the factor of production B decrease in the price of an alternative factor of production C increase in the demand for the good or service produced D increase in the price of the factor of production

1 marks

Answer: C

This question in 0987/11 May/June 2022

6 What will cause the demand curve for a good to shift to the right? A a decrease in the disposable income of consumers B a decrease in the price of a complement good C a decrease in the price of a substitute good D a decrease in the price of the good

1 marks

Answer: B

This question in 0987/12 May/June 2022

5 Workers are awarded a pay rise but do not increase their productivity. Workers do not buy the product that they produce. How would this change be shown on a demand and supply diagram for the product? A The demand curve will shift to the left. B The demand curve will shift to the right. C The supply curve will shift to the left. D The supply curve will shift to the right.

1 marks

Answer: C

This question in 0987/12 Oct/Nov 2022

5 The diagram shows the effect of a decrease in price on the demand for a product. D price P1 P2 D O Q1 Q2 quantity demanded What does the arrow on the diagram illustrate? A contraction in demand B decrease in demand C extension in demand D increase in demand

1 marks

Answer: C

This question in 0987/11 May/June 2023

5 Good X is demanded in two areas, Y and Z. The table shows the amount of X demanded in these areas at different prices. price of quantity demanded good X per month (US$) area Y area Z 5 1000 200 10 800 150 15 600 100 20 400 50 25 200 0 What can be concluded from the table? A Consumers in area Y are more willing and able than consumers in area Z to buy good X. B Consumers in area Y are richer than consumers in area Z. C Consumers in area Y want the good more than consumers in area Z. D There are more consumers living in area Y than in area Z.

1 marks

Answer: A

This question in 0987/12 May/June 2023

9 The price of a good increases. What could cause this? A The cost of raw materials falls. B The incomes of consumers rise. C The price of a complement rises. D The price of a substitute falls.

1 marks

Answer: B

This question in 0987/12 May/June 2023

5 Public transport and cars are substitute goods. The price of public transport rises. What will happen to the demand for cars? A It will contract. B It will extend. C It will decrease. D It will increase.

1 marks

Answer: D

This question in 0987/12 Oct/Nov 2023

5 What is likely to cause an extension in demand for a firm’s fruit drink? A a period of hot weather B a reduction in the cost of producing the drink C a rival firm leaving the market D a successful advertising campaign by the firm

1 marks

Answer: B

This question in 0987/12 May/June 2024

6 Supermarkets sell petrol (gas) outside their stores. They reduce the price of petrol below other suppliers to attract more customers to buy goods in the store when they buy more petrol. If this were successful, how might it be shown on demand and supply diagrams? demand and supply diagram for the demand and supply diagram for petrol store’s goods A shift of the demand curve to the left shift of the supply curve to the left B shift of the demand curve to the right shift of the demand curve to the left C shift of the supply curve to the left shift of the supply curve to the right D shift of the supply curve to the right shift of the demand curve to the right

1 marks

Answer: D

This question in 0987/12 May/June 2024

5 The diagram shows a change in demand for coffee. price of coffee D1 D2 O quantity of coffee demanded per month What would cause the demand for coffee to change from D1 to D2? A a good coffee harvest B a rise in the price of substitute drinks C a rise in the wages of coffee workers D a successful advertising campaign for tea

1 marks

Answer: B

This question in 0987/12 Oct/Nov 2024

6 The diagrams show the demand curves for the only two buyers in a market. price price O O quantity quantity What will be the shape of the market demand curve for the good? A B price price O O quantity quantity C D price price O O quantity quantity

1 marks

Answer: C

This question in 0987/12 May/June 2025

7 The diagram shows the market for ice cream and the effects of very hot weather. S1 price P2 P1 D1 D2 O quantity If prices had remained at P1 even during the hot weather, what was likely to have happened in the market for ice cream? A equilibrium B excess supply C rising profits D shortage

1 marks

Answer: D

This question in 0987/12 May/June 2025

6 The diagram shows the demand curve for a good. price D O quantity What can be concluded about a single downward-sloping demand curve? A consumers increase demand when their incomes rise B consumers plan to buy less when prices rise C firms produce less as prices rise D firms sell more when prices rise

1 marks

Answer: B

This question in 0987/12 Oct/Nov 2025