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1.3 Price determination in a competitive market

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Question 37

The demand for lithium is derived from the demand for electric vehicle (EV) batteries. When the demand for EV batteries falls, the most likely result is a

A

movement along the demand curve for lithium.

B

movement along the supply curve for lithium.

C

shift left of the supply curve for lithium.

D

shift right of the demand curve for lithium.

Markscheme

1.3 Price determination in a competitive market Questions

  1. A Level
  2. /Economics
  3. /1.3 Price determination in a competitive market

256 exam-style questions on AQA A Level Economics 1.3 Price determination in a competitive market, covering 1.3.1 The determinants of the demand for goods and services, 1.3.2 Price, income and cross elasticities of demand, 1.3.3 The determinants of the supply of goods and services, 1.3.4 Price elasticity of supply, 1.3.5 The determination of equilibrium market prices, and 1.3.6 The interrelationship between markets. Each one has a worked solution and a mark scheme showing where the marks go.

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