Skip to content

Course home

Sign up

1.2.7 Price mechanism

EasyMedium
1234567891011
Question 7

In a free market economy, explain how a sudden shortage of helium gas (crucial for cooling medical MRI scanners) would use the signalling function of the price mechanism to reallocate resources.

[2]
Markscheme

1.2.7 Price mechanism Questions

  1. A Level
  2. /Economics
  3. /1.2.7 Price mechanism

16 exam-style questions on Edexcel A A Level Economics 1.2.7 Price mechanism. Each one has a worked solution and a mark scheme showing where the marks go.

Question bank