A manufacturer receives a sustained increase in orders for glass storage jars.
Which outcome is most likely because factor and product markets are interdependent?
The jars are now traded in a factor market, as a manufacturer makes them
The manufacturer buys more production machinery to raise its jar output
Demand for production machinery is unchanged, as it is traded in a separate market
Shops pay the manufacturer a higher wage for every glass jar they buy
76 exam-style questions on OCR GCSE Economics 2.1 The role of markets, covering 2.1.1 What is a market, 2.1.2 Primary, secondary and tertiary sectors, 2.1.3 Factor and product markets, and 2.1.4 Specialisation and exchange. Each one has a worked solution and a mark scheme showing where the marks go.