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Year 11 Economics | Fun Learning Quest for Kids

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year-11-economics-acara-2026-exam

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Q1

You have $50 and you want a Netflix subscription, a gym pass, and a new gaming mouse. You choose the gym pass. What is the opportunity cost of your decision?

Q2

A barista raises the price of a flat white from $4.50 to $6.00, and you switch to an oat latte at a nearby cafe. Which function of the price mechanism does your behaviour best illustrate?

Q3

Suppose a sudden heatwave in Sydney increases the demand for air conditioners. In the short run, what is the most likely immediate effect on the market equilibrium price and quantity?

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