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1.2.4 Supply

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Question 1

Olive oil prices surged to a historic high of €9,000 per metric tonne in 2023 after a prolonged heatwave and drought devastated olive groves in Spain. Spain typically accounts for approximately 40% to 45% of global olive oil production.

Define the term 'supply.'

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Markscheme

1.2.4 Supply Questions

  1. A Level
  2. /Economics
  3. /1.2.4 Supply

13 exam-style questions on Edexcel A A Level Economics 1.2.4 Supply. Each one has a worked solution and a mark scheme showing where the marks go.

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