Get premium membership and access questions with answers, video lessons as well as revision papers.
An increase in supply in one market may have an impact on a range of other markets.
The markets most likely to be affected are:
• markets for substitute goods
• markets for complementary goods
• markets for goods which are in joint supply
• markets for factors of production
lydiajane74 answered the question on July 4, 2018 at 16:22
- Explain what is shown by the demand curve for labour(Solved)
Explain what is shown by the demand curve for labour
Date posted: July 4, 2018. Answers (1)
- Explain what is meant by the basic economic problem.(Solved)
Explain what is meant by the basic economic problem.
Date posted: July 4, 2018. Answers (1)
- Critically examine the view that removing trade barriers is a more effective way of promoting economic development in Less Developed Countries LDCs than extensive foreign...(Solved)
Critically examine the view that removing trade barriers is a more effective way of promoting economic development in Less Developed Countries LDCs than extensive foreign aid programmes.
Date posted: July 4, 2018. Answers (1)
- Explain some of the ways in which economic development can be measured.(Solved)
Explain some of the ways in which economic development can be measured.
Date posted: July 4, 2018. Answers (1)
- Explain the main features of globalisation.(Solved)
Explain the main features of globalisation.
Date posted: July 4, 2018. Answers (1)
- Critically examine the view that oligopoly is the least desirable market structure(Solved)
Critically examine the view that oligopoly is the least desirable market structure
Date posted: July 4, 2018. Answers (1)
- Explain the difference between competition and collusion.(Solved)
Explain the difference between competition and collusion.
Date posted: July 4, 2018. Answers (1)
- Evaluate the range of policies the government could use to reduce the negative impact of economic activity on society(Solved)
Evaluate the range of policies the government could use to reduce the negative impact of economic activity on society
Date posted: July 4, 2018. Answers (1)
- Explain how an economist measures the social cost of production.(Solved)
Explain how an economist measures the social cost of production.
Date posted: July 4, 2018. Answers (1)
- Explain why, in theory, perfectly contestable markets result in an efficient allocation of resources.(Solved)
Explain why, in theory, perfectly contestable markets result in an efficient allocation of resources.
Date posted: July 4, 2018. Answers (1)
- Critically examine the view that governments should never take action to reduce income inequality(Solved)
Critically examine the view that governments should never take action to reduce income inequality
Date posted: July 4, 2018. Answers (1)
- Analyse some of the policies the government could use to reduce income inequality.(Solved)
Analyse some of the policies the government could use to reduce income inequality.
Date posted: July 4, 2018. Answers (1)
- Explain what is meant by inequality in income and wealth(Solved)
Explain what is meant by inequality in income and wealth
Date posted: July 4, 2018. Answers (1)
- Explain the main uses of estimates of cross price elasticity of demand.(Solved)
Explain the main uses of estimates of cross price elasticity of demand.
Date posted: July 4, 2018. Answers (1)
- Explain what is meant by cross price elasticity of demand.(Solved)
Explain what is meant by cross price elasticity of demand.
Date posted: July 4, 2018. Answers (1)
- Explain what is meant by the efficient use of scarce resources(Solved)
Explain what is meant by the efficient use of scarce resources
Date posted: July 4, 2018. Answers (1)
- Analyse why focusing on one macroeconomic policy objective may make it more difficult to achieve another.(Solved)
Analyse why focusing on one macroeconomic policy objective may make it more difficult to achieve another.
Date posted: July 4, 2018. Answers (1)
- Explain the main macroeconomic policy objectives of a government.(Solved)
Explain the main macroeconomic policy objectives of a government.
Date posted: July 4, 2018. Answers (1)
- Evaluate the view that a government should always maintain a balanced budget.(Solved)
Evaluate the view that a government should always maintain a balanced budget.
Date posted: July 4, 2018. Answers (1)
- Analyse why an economy’s aggregate demand curve slopes downwards from left to right. (Solved)
Analyse why an economy’s aggregate demand curve slopes downwards from left to right.
Date posted: July 4, 2018. Answers (1)