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2.4 Price

2.4 Price

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Question 6

On a demand-and-supply diagram, equilibrium is shown at the point where

[1]
A

the demand and supply curves intersect

B

the demand curve meets the price axis

C

the supply curve becomes horizontal

D

quantity demanded is zero

Markscheme

2.4 Price Questions

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

30 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.

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