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2.4.1 Price and distribution of resources

Card 1 of 22

What does a price tell buyers about a good?

A

When resources make goods buyers value most highly, given production costs.

B

Worth to people in the market.

C

Buyers value the good highly.

D

How much it is wanted in the market.

Card 1 of 22

2.4.1 Price and distribution of resources Flashcards

  1. GCSE
  2. /Economics
  3. /2.4.1 Price and distribution of resources

22 flashcards on OCR GCSE Economics 2.4.1 Price and distribution of resources: the key terms, formulae and calculations you need to recall for Component 01 and Component 02.

Flashcards