Demand

Extract B (lines 3–4) states that ‘Universities have expanded the number of places on offer to students, but the supply of student accommodation is highly inelastic’.

With the help of a diagram, explain the impact of the increase in the number of students attending university on the market for student accommodation.

Figure 1 shows the demand for lemons.

The fall in price and increase in the quantity demanded of lemons could have been caused by

Explain possible reasons for fluctuations in the world market price of tea.

Explain the factors that a commercial aircraft manufacturer, such as Boeing or Airbus, should consider when forecasting the future sales of its aircraft.

Figure 8 shows two demand (D₁ and D₂) curves and two supply (S₁ and S₂) curves in the market for tea.

Tea and coffee are substitutes. All other things being equal, which one of the following is the most likely explanation of the move from E₁ to E₂ in the market for tea?

Table 3 shows the demand for and supply of oranges at a range of prices between 10 pence and 30 pence.

As a result of an increase in consumers’ incomes, the demand for oranges increases by 25% at each of the prices shown in Table 3.

After the rise in incomes:

With the help of a diagram, explain how cheaper transportation and a construction boom in East Asia have led to growth in the market for sand.

Explain the likely causes of the main changes in house prices that have taken place between 2007 and 2017.

The diagram below shows the original market demand and supply curves

The government wishes to meet its energy efficiency target by shifting the market demand curve for loft insulation from D₁ to D₂. Which one of the following policies is most likely to enable the government to achieve its objective?