17 key microeconomics diagrams for AS level and O level

Diagrams are very important for economics exams. Adding a relevant diagram to your essay will bring a strong support for your argument and will help you score a maximum of marks. A good grasp of diagrams is also essential for multiple choice questions.

The golden rule for diagrams is that they must be

✓ Accurate

✓ Big

✓ Clear

✓ Adapted to the question

Here is a list of the key microeconomics diagrams you must be familiar with before sitting for your AS level or O level economics exam.

1.The PPC curve

2. Pivot and shift in the PPC curve

3. Elastic and inelastic demand curve

4.A perfectly inelastic demand curve

5. A perfectly elastic demand curve

6. Unitary elasticity

8. The point elasticity of demand

9. The effects of introducing a subsidy on a merit good

10. The effect of an indirect tax on a demerit good

11 Incidence of tax on consumers and producers and elasticity

12. Different types of tax

13. Fall in consumer surplus

14. Fall in producer surplus

15. Increase in consumer surplus

16. Maximum price

17. Minimum price

1. The PPC curve

2. Pivot and shift in the PPC curve

Pivot in the PPC curve

shift in the PPC curve

Elasticity

3. Elastic and inelastic demand curve

Elastic demand curve

Inelastic demand curve

4. A perfectly inelastic demand curve

5. A perfectly elastic demand curve

6. Unitary elasticity

Unitary elasticity

9. Price elasticity of supply and revenue

Inelastic supply curve Elastic supply curve

8. The point elasticity of demand

Government intervention

9. The effects of introducing a subsidy on a merit good

10. The effect of an indirect tax on a demerit good

11 Incidence of tax on consumers and producers and elasticity

12. Different types of tax

13. Fall in consumer surplus

14. Fall in producer surplus

15. Increase in consumer surplus

Increase in consumer surplus

16. Maximun price

17. Minimum price