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2.4 Price

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Question 36

Demand for home insulation rises after household energy prices increase. A demand and supply diagram for home insulation with price and quantity axes and the initial equilibrium marked.

Using a demand and supply diagram, analyse the likely effect on the equilibrium price and quantity of home insulation.

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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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