Skip to content
MathsGenie logo
Open app

Course home

  1. A Level
  2. Economics AQA
  3. Question bank

1.3 Price determination in a competitive market

EasyMediumHard
123456789101112131415161718192021222324252627282930313233343536373839404142
Question 21

Extract A

Table 1: UK installations of microgeneration electricity schemes by technology, 2020 and 2021

Technology20202021
Fossil Fuel (Micro-CHP)120 50065 200
Biomass450 200385 100
Solar PV (Solar Panels)54 10095 300
Hybrid Solar-Storage†178 500279 200
Total803 300824 800

†Hybrid Solar-Storage systems use high-grade polysilicon solar cells and lithium batteries.

Figure 1: UK demand for high-grade polysilicon, tonnes, 2015 to 2030

YearSemiconductor chipsOptical glassFiber opticsTelecommunicationsSolar PV PanelsTotal
201580000080
202012000040160
2025 (estimate)160404040360640
2030 (estimate)20080808011601600

Explain how the data in Extract A (Table 1 and Figure 1) show that developments in the microgeneration installations market are the main reason for the changing demand for high-grade polysilicon in the UK.

[4]

1.3 Price determination in a competitive market Questions

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