IGCSE Economics

The multiple-choice paper

40 questions in 60 minutes: about 90 seconds each, with a calculator.

Questions40, one mark each
Time1 hour
Weight30% of the grade
TestsKnowledge and analysis, including calculations and diagrams

Where it trips people

  • Movements along a curve against shifts of it.
  • Elasticity and what it does to revenue.
  • Reading a diagram's axes before its lines.

Try 2 questions

Question 1
Weekly demand for and supply of loaves
Price (dollars)Quantity demandedQuantity supplied
2900300
3750450
4600600
5450750
6300900
The table shows the weekly demand for and supply of loaves at Rosa's bakery market. What is the position in the market if the price is 3 dollars?
Question 2
A firm's total cost
Output (units)Total cost (dollars)
0200
10260
20300
30360
The table shows a firm's total cost at different levels of output. What is the average variable cost of producing 20 units?

Next step

Questions people ask

Is a calculator allowed?

Yes, in both papers.