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2.4 Price

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Question 9

Allotment plots in a town are let at a price of £100 a year. At this price, 500 plots are offered and there is a shortage of 100 plots. What is the quantity of plots demanded at this price?

[1]
A

600 plots

B

400 plots

C

500 plots

D

100 plots

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.

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