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2.4 Price

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Question 38

Demand for oranges increases following a health campaign, while supply is unchanged. What happens to equilibrium?

[1]
A

Price and quantity both rise

B

Price rises and quantity falls

C

Price falls and quantity rises

D

Price and quantity both fall

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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