Microeconomics

Table of Contents

1. Topic pack - Microeconomics - introduction
2. 1.1 Competitive Markets: Demand and Supply
3. 1.1 Competitive Markets: Demand and Supply - notes
4. 1.1 Competitive markets - questions
5. 1.1 Competitive markets - simulations and activities
   1. PlotIT - Build a demand curve
   2. Step by step - a decrease in demand
   3. Step by step - an increase in demand
   4. Step by step - a decrease in supply
   5. Step by step - an increase in supply
   6. PlotIT - Build a demand and supply diagram
   7. DragIT - Demand and supply
   8. Diagram toolkit
   9. Air travel (1)
   10. Air travel (2)
   11. Air travel (3)
   12. iPods (1)
   13. iPods (2)
   14. iPods (3)
6. 1.2 Elasticities
7. 1.2 Elasticities - notes
8. Section 1.2 Elasticities - questions
9. Section 1.2 Elasticities - simulations and activities
10. 1.3 Government intervention
11. 1.3 Government Intervention - notes
12. 1.3 Government intervention - questions
13. 1.3 Government intervention - simulations and activities
14. 1.4 Market failure
15. 1.4 Market failure - notes
16. Section 1.4 Market failure - questions
17. Section 1.4 Market failure - simulations and activities
18. 1.5 Theory of the firm
19. 1.5 Theory of the firm - notes (HL only)
20. Section 1.5 Theory of the firm - questions
21. Section 1.5 Theory of the firm - simulations and activities
22. Print View

DragIT - Demand and supply

The following diagram shows the demand and supply of good X. For each of the following, click on either the demand or supply curve (or first one and then the other) and drag the curve(s) to a position that illustrates the question to help you match the events to the particular change.

1

Shifts in demand and supply Match the following changes to the shifts that will take place. a) An increase in the level of income Choose... Demand left Supply right Supply left Demand right b) An decrease in the price of a substitute Choose... Demand left Supply right Supply left Demand right c) An increase in cost Choose... Demand left Supply right Supply left Demand right d) An improvement in productivity Choose... Demand left Supply right Supply left Demand right Yes, that's correct. Well done.No, that's not right. Have another go. Try shifting the curve in the diagram to see the effect on price and quantity.Your answer has been saved.