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1.8.1 How markets and prices allocate resources

The price mechanism uses changes in [     ] to allocate scarce resources without a central planner.

A

production costs

B

relative prices

C

absolute prices

D

real incomes

1.8.1 How markets and prices allocate resources Flashcards

  1. A Level
  2. /Economics
  3. /1.8.1 How markets and prices allocate resources

Flashcards for AQA A Level Economics 1.8.1 How markets and prices allocate resources, covering the key terms, economic models and case studies you need to recall for Paper 1, Paper 2 and Paper 3. 23 cards, matched to the AQA A Level Economics (7136) specification.