The diagram shows demand and supply curves for a good. The market is in equilibrium at point X . What would be the new equilibrium position if there were a successful advertising campaign for the good and an increase in the cost of raw materials?
A.
B.
C.
D.
Exam No：0455_m25_qp_12 Year：2025 Question No：6
Answer:
B
Knowledge points:
2.3.1 definition of demand; drawing and interpretation of appropriate diagrams.
2.3.2 price, demand and quantity; A demand curve to be drawn and used to illustrate movements along a demand curve with appropriate terminology, for example extensions and contractions in demand.
2.3.3 individual and market demand
2.3.4 conditions of demand; The causes of shifts in a demand curve with appropriate terminology, for example increase and decrease in demand.
2.4.1 definition of supply; drawing and interpretation of appropriate diagrams.
2.4.2 price, supply and quantity; A supply curve to be drawn and used to illustrate movements along a supply curve with appropriate terminology, for example extensions and contractions in supply.
2.4.3 individual and market supply
2.4.4 conditions of suppl; The causes of shifts in a supply curve with appropriate terminology, for example increase and decrease in supply.
2.5.1 market equilibrium; drawing and interpretation of demand and supply schedules and curves used to establish equilibrium price and sales in a market.
2.5.2 market disequilibrium; Definition, drawing and interpretation of demand and supply schedules and curves used to identify disequilibrium prices and shortages (demand exceeding supply) and surpluses (supply exceeding demand).
Solution:
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