Supply

Explain how the data in Extract A (Figure 1 and Figure 2) show that the rice export ban by India in 2022 is likely to have had a significant impact on the world price of rice.

Extract B (line 19) states: ‘In Nigeria, the demand for rice is very price inelastic’.

With the help of a diagram, explain how the Indian export ban is likely to have affected the market for rice in Nigeria.

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.

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?

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.