A rise in orders for wool insulation rolls is followed by a change in their market price.
| Month | Market price per roll |
|---|---|
| March | £38 |
| June | £46 |
Explain how the change in price could affect the allocation of resources to the production of wool insulation rolls.
84 exam-style questions on AQA GCSE Economics 1.2 Resource allocation, covering 1.2.1a Markets, 1.2.1b Allocation of resources, 1.2.1c Factor and product markets, 1.2.2a Primary, secondary and tertiary sectors, 1.2.2b Goods and services, 1.2.3a Specialisation and the division of labour, 1.2.3b How and why producers specialise, and 1.2.3c Costs and benefits of the division of labour. Each one has a worked solution and a mark scheme showing where the marks go.