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2.1 The role of markets

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Question 9

Moorland Cycle Hire records the following number of completed bicycle hires:

WeekCompleted hires
1420
2560

Using the information in the table, explain how this change in the product market is likely to affect Moorland Cycle Hire's activity in factor markets.

[2]
Markscheme

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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