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2.3 Supply

2.3 Supply

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Question 7

Extract 1: Hillview apple harvest Hillview growers sell apples to supermarkets. Poor weather reduces the crop, while a new cold-storage facility allows fruit to be kept for longer. Supply is less responsive during the harvest season than over a full year.

Price per crateQuantity supplied before poor weatherQuantity supplied after poor weather
£185,2004,000
£226,4004,900

image

a.

Explain what the table shows about the relationship between price and quantity supplied before poor weather.

[2]
b.

Using the table, calculate the fall in quantity supplied at £22 after the poor weather.

[2]
c.

Analyse how poor weather may affect the apple market.

[6]
d.i.

State two factors that can affect price elasticity of supply.

[2]
d.ii.

Explain how cold storage could make apple supply more price elastic.

[2]
d.iii.

Evaluate whether a more price-elastic supply of apples benefits consumers.

[6]
Markscheme

2.3 Supply Questions

  1. GCSE
  2. /Economics
  3. /2.3 Supply

36 exam-style questions on OCR GCSE Economics 2.3 Supply, covering 2.3.1 What is supply, 2.3.2 Draw a supply curve using data, 2.3.3 Explain a supply curve, 2.3.4 Shifts and movements of the supply curve, 2.3.5 Causes and consequences of supply changes, 2.3.6 Price elasticity of supply, 2.3.7 Draw supply curves of different elasticity, and 2.3.8 Importance of price elasticity of supply. Each one has a worked solution and a mark scheme showing where the marks go.

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