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HomePearson Edexcel International IGCSE EconomicsThe Market System: Supply and Price Mechanism
Pearson Edexcel International · IGCSE · Economics

The Market System: Supply and Price Mechanism
Practice Questions

8 Pearson Edexcel International IGCSE Economics questions on The Market System: Supply and Price Mechanism, each with instant feedback and a full examiner-style mark scheme.

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✨ Revision guide includes key terms, worked examples and exam technique for The Market System: Supply and Price Mechanism.

Try 2 sample questions on The Market System: Supply and Price Mechanism

Question 1 · 1 mark · Difficulty 1/3

The quantity producers offer at each price is:

  1. supply
  2. demand
  3. profit
  4. cost
Show answer & explanation
✓ Answer: Asupply
Supply is quantity producers offer.
Question 2 · 1 mark · Difficulty 2/3

As price rises, quantity supplied usually:

  1. falls
  2. stays the same
  3. halves
  4. rises
Show answer & explanation
✓ Answer: Drises
Supply curves slope upward.
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Pearson Edexcel International IGCSE Economics: The Market System: Supply and Price Mechanism FAQ

How many Pearson Edexcel International IGCSE Economics questions on The Market System: Supply and Price Mechanism are there on Kramizo?
Kramizo currently has 8 exam-board-aligned practice questions on The Market System: Supply and Price Mechanism for Pearson Edexcel International IGCSE Economics, with new questions added every week. Each question gives you instant feedback and a full examiner-style mark scheme that tells you exactly what would earn marks on a real Pearson Edexcel International paper. The questions span the full difficulty range — from straightforward recall (level 1) right up to multi-step reasoning and evaluation (level 3) — so the bank works for first-pass revision and final exam-week stress testing alike.
Is Kramizo free for Pearson Edexcel International IGCSE students preparing for Economics?
Yes — completely free. Every student gets 45 questions a day on the free plan, with no card required and no trial countdown. That free quota works across every subject and every topic in our bank, so you can mix The Market System: Supply and Price Mechanism practice with other Economics topics or even switch to a totally different Pearson Edexcel International subject without paying anything. Kramizo's optional Pro plan removes the daily cap and adds detailed progress analytics, but the free tier is the real product — used by thousands of GCSE, IGCSE and CSEC students.
Are the The Market System: Supply and Price Mechanism questions aligned to the official Pearson Edexcel International IGCSE Economics syllabus?
Every question is written against the published Pearson Edexcel International IGCSE Economics specification, including the exact command words (state, describe, explain, calculate, evaluate, etc.), mark allocations, and difficulty tier you'd see on a real Pearson Edexcel International paper. Explanations are written in the style of official examiner mark schemes — they tell you what is being awarded marks and why distractors are wrong, not just whether you got it right. The bank is continually refined to match the latest syllabus updates from Pearson Edexcel International.
How is The Market System: Supply and Price Mechanism typically tested on Pearson Edexcel International IGCSE Economics papers?
The Market System: Supply and Price Mechanism appears across multiple question types on real Pearson Edexcel International IGCSE Economics papers — most commonly as multiple-choice questions in the objective section, structured short-answer questions in the main paper, and occasionally as part of an extended response. Kramizo's practice bank reflects that mix: 4-option MCQs, true/false statements, fill-in-the-blank key terms, multi-select questions, and ordering questions. Working through the bank gives you exposure to every question style examiners actually use.

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