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1.2 Resource allocation

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Question 52

A rural plot is available for a one-year lease. A cut-flower grower and an outdoor education provider each want to use it.

BusinessIntended useOriginal maximum annual rentRevised maximum annual rent
Cut-flower growerGrowing cut flowers£5,200£6,800
Outdoor education providerOutdoor activities£6,100£6,100

Explain how the likely allocation of the plot changes after the cut-flower grower's maximum annual rent is revised.

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Markscheme

1.2 Resource allocation Questions

  1. GCSE
  2. /Economics
  3. /1.2 Resource allocation

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.

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