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2.1 The role of markets

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Question 5

A laundry firm in Manchester washes and irons bed linen and towels for local hotels. The number of hotel orders for its service rises.

Explain one way this rise in demand could affect the firm's transactions in factor markets.

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2.1 The role of markets Questions

  1. GCSE
  2. /Economics
  3. /2.1 The role of markets

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.

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