A bakery uses the same ovens and staff to make both fruit pies and bread rolls. Which change is most likely to lead the bakery to move oven time and staff away from bread rolls and into fruit pies?
A fall in the cost of making bread rolls while their price stays the same
A rise in the market price of fruit pies while their costs stay the same
A rise in the market price of bread rolls while their costs stay the same
A rise in the cost of making fruit pies while their price stays the same
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.