AS 91530 · 5 credits · External
Supply and Demand
Demonstrate understanding of how market forces affect supply of and demand for New Zealand primary products
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AS91530 is an external exam (sat at the end of the year under NZQA conditions) worth 5 credits. You pick a New Zealand primary product — something like kiwifruit, beef, wine, or apples — and show that you understand how market forces push supply and demand up or down for that product. Market forces are things like weather, exchange rates, trade agreements, consumer trends, prices, and government rules. The exam has three parts and you answer all of them about your chosen product.
What to do, grades and common mistakes
- ·Choose a New Zealand primary product you have studied (e.g. SunGold kiwifruit, Manuka honey, lamb).
- ·Explain how specific market forces — such as exchange rates, seasonality, consumer trends, or trade agreements — affect how much of your product is supplied and how much consumers demand.
- ·Back up your explanations with real numbers and data (e.g. prices, volumes, hectares grown, export values).
- ·In Part C, discuss how New Zealand trade agreements specifically affect the supply of and demand for your chosen product, naming actual agreements and linking them to real outcomes.
You can name and define a market force and make a basic, believable link to how it affects supply or demand of your product. Your answer is broad or theoretical and doesn't need to include specific numbers.