Skip to content

Course home

Question bank·2.4 Price
Sign up

2.4 Price

EasyMediumHard
1234567891011121314151617181920212223242526272829303132333435363738394041424344
Question 1

After a single change in the market for winter gloves, the equilibrium price and the equilibrium quantity both fall. Which change could have caused this?

Choose one answer.

[1]
A

Demand for winter gloves increased

B

Supply of winter gloves increased

C

Supply of winter gloves decreased

D

Demand for winter gloves decreased

Markscheme

2.4 Price Questions

  1. GCSE
  2. /Economics
  3. /2.4 Price

75 exam-style questions on OCR GCSE Economics 2.4 Price, covering 2.4.1 Price and distribution of resources, 2.4.2 Equilibrium price and quantity, 2.4.3 Draw the interaction of demand and supply, 2.4.4 Analyse the interaction of demand and supply, 2.4.5 Role of markets in allocating resources, and 2.4.6 Market forces and equilibrium. Each one has a worked solution and a mark scheme showing where the marks go.

More questions