Skip to content

Course home

2.4 Price

2.4 Price

EasyMediumHard
12345678910111213
Question 4

At £6, consumers want 9,000 reusable bottles but firms supply only 6,500. Explain how this shortage may change the market price.

[2]
Markscheme

2.4 Price Questions

  1. GCSE
  2. /Economics
  3. /2.4 Price

30 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.

Question bank