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1.3 Price determination in a competitive market

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Question 19

Which one of the following is an example of derived demand?

A

The demand for lithium rises as a result of an increase in the global production of electric vehicle batteries.

B

The demand for gaming consoles increases alongside an rise in the sales of major video game titles.

C

The demand for timber increases because it can be used for both paper manufacturing and house building.

D

The demand for organic vegetables rises following a significant increase in real consumer incomes.

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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