AS P2 Topical Questions
Question Number: 2(a)
October/November 2023
Paper Variant: 9708/21
With the help of a diagram, explain what could cause an increase in demand for a product and consider whether the impact on price will be the same in the short run and long run.
Marks: 8
Question Number: —
May/June 2023
Paper Variant: 9708/22
With the help of a diagram(s), explain what is meant by equilibrium in a market, and consider the extent to which the equilibrium price and equilibrium quantity are likely to change for a product following an increase in the wages for labour across the whole economy.
Marks: 8
Question Number: 1(d)
February/March 2025
Paper Variant: 9708/22
Explain how changes in supply and demand might lead to fluctuating prices of sunflower oil.
Marks: 6
Question Number: 3(a)
May/June 2025
Paper Variant: 9708/22
Explain three reasons, associated with costs of production, why the supply curve for a particular market may shift to the right and consider the extent to which government microeconomic policy may also shift the supply curve for a particular market to the right.
Marks: 8
Question Number: 2(a)
May/June 2025
Paper Variant: 9708/23
Semi-conductors are widely used in the production of many types of electronic goods such as smartphones. It has been estimated that the price elasticity of supply for semi-conductors is 0.2 in the short run and 0.8 in the long run. (a) Explain what these estimates mean for producers of smartphones that use semi-conductors and consider the significance of the long-run estimate.
Marks: 8
Question Number: 1(a)(i)
October/November 2025
Paper Variant: 9708/22
Identify one possible reason for the value of price elasticity of demand (PED) for chocolate.
Marks: 8
Question Number: 1(a)(ii)
October/November 2025
Paper Variant: 9708/22
Calculate the percentage change in the value of global sales of chocolate between 2017 and 2026, as shown in Table 1.1.
Marks: —
