Subsection 2.4. Supply for Economics, O Level - revisedeck

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2.4. Supply

A subsection of Economics, 2281, through 2. The allocation of resources

Listing 10 of 14 questions

The demand for and supply of a good both change. As a result the price of the good rises but the quantity traded remains the same. What must have happened to demand and supply?

2281_w06_qp_1

MCQ

2006

Paper 1, Variant 0

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The world price of cocoa has been falling while the prices of products made from cocoa have been rising. Which combination might explain this?

2281_w24_qp_13

MCQ

2024

Paper 1, Variant 3

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Many countries buy oil from Saudi Arabia. Which change is most likely to lead to a fall in the price of a barrel of oil?

2281_s13_qp_12

MCQ

2013

Paper 1, Variant 2

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What would bring about a movement upwards along the supply curve for rice?

2281_s23_qp_11

MCQ

2023

Paper 1, Variant 1

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Questions Discovered

14