What is most likely to happen to resources when the price of a product falls because consumers value it less?
More resources enter the market because every price fall raises profit
Some resources leave the market as production becomes less rewarding
Resources become unlimited
Supply must shift left before any producer responds
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.