Skip to content

Course home

Question bank·1.2 The basic economic problem
Sign up

1.2 The basic economic problem

EasyMediumHard
1234567891011121314151617181920212223242526272829
Question 4

A pottery studio can make 60 bowls each week. When weekly orders rise above 60, it increases the price of each bowl from £25 to £40.

Explain how this change in price may alter the studio's answer to the question of for whom to produce.

[2]
Markscheme

1.2 The basic economic problem Questions

  1. GCSE
  2. /Economics
  3. /1.2 The basic economic problem

77 exam-style questions on OCR GCSE Economics 1.2 The basic economic problem, covering 1.2.1 Scarce resources and unlimited wants, 1.2.2 The economic problem, 1.2.3 Opportunity cost, and 1.2.4 Costs and benefits of economic choices. Each one has a worked solution and a mark scheme showing where the marks go.

More questions