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2.4 Price

2.4 Price

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Question 2

A farmers' market allows food prices to change freely with demand and supply. Evaluate whether the price mechanism is likely to allocate food resources efficiently.

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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.

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