Cambridge International (CAIE) · 2 The price system and the microeconomy (AS) · 2.1 Demand and supply curves

Cambridge International (CAIE) Economics past paper questions: Demand and supply curves

Every Cambridge International (CAIE) question on Demand and supply curves from 2023 to 2025: 2 essays and 15 multiple choice questions. It covers 2.2 Price elasticity, income elasticity and cross elasticity of demand. Each question links to its paper, mark scheme and examiner report.

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Subtopics2.2 Price elasticity, income elasticity and cross elasticity of demand 2

Essay questions on demand and supply curves

Multiple choice questions

  1. AS Paper 1, November 2025, Q7

    The diagram shows a market supply curve (S). What is measured on the X-axis and the Y-axis?

  2. AS Paper 1, June 2025, Q6

    D1 and S1 are the initial demand and supply curves in the market for new cars with an equilibrium at X. What will cause the demand curve to shift to D2 and the supply curve to shift to S2?

  3. AS Paper 1, June 2025, Q10

    Farmers want to extract wild honey from beehives. They find the beehives by following birds known as honeyguide birds who want the beeswax that is also found in the beehives. What does this suggest?

  4. AS Paper 1, March 2025, Q4

    The price of a good rises by 5% and the quantity of it demanded rises by 3%. At the same time, the incomes of consumers of the good rise by 4%. The law of demand appears not to be working in this case. What is the most likely explanation?

  5. AS Paper 1, March 2025, Q9

    What is likely to have a greater effect on an individual demand curve than on a market demand curve?

  6. AS Paper 1, November 2024, Q6

    The graph shows the demand and supply curves for an industry. What would cause a shift in the supply curve from S1 to S2?

  7. AS Paper 1, June 2024, Q11

    Which reason for the increase in demand for a smartphone is an example of joint demand?

  8. AS Paper 1, March 2024, Q6

    What is the definition of effective demand?

  9. AS Paper 1, March 2024, Q10

    Butter is a normal good. It is in joint demand with bread and in joint supply with buttermilk. The demand for butter increases because of a rise in consumer incomes. What are the effects of this increase on the prices of bread and…

  10. AS Paper 1, November 2023, Q5

    Rice and pasta are both basic foods in a country. How would a health scare concerning rice affect the market for pasta?

  11. AS Paper 1, November 2023, Q9

    In 2010, poor harvests reduced fruit crops and furniture producers gave big discounts on furniture products. How might these changes have affected the position of the supply curve for the products?

  12. AS Paper 1, June 2023, Q9

    A change in the price of a good causes an increase in the quantity of the good demanded. What would be the nature of the good and the direction of price change for this to be certain to happen?

  13. AS Paper 1, March 2023, Q5

    A supply curve is represented by the equation where P = the price of the product. Which price rise would cause the quantity supplied to double?

  14. AS Paper 1, March 2023, Q9

    Which statement correctly describes the shape of the demand curve for a normal good?

  15. AS Paper 1, March 2023, Q11

    Butter and buttermilk are goods in joint supply. Supply curves in both markets slope upwards to the right. Health concerns cause people to reduce their consumption of butter. What are the initial consequences of this for supply in the…

Question text is quoted from the question papers, © Cambridge University Press & Assessment (UCLES), for students’ private study. Open the official papers and mark schemes from the links on each question. Examiner insights are written with AI assistance and moderated by Finn.