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2.1 The role of markets

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Question 24

Which change is most likely to increase the interdependence of factor and product markets?

[1]
A

Higher demand for bicycles causes firms to employ more bicycle mechanics

B

A fall in wages causes consumers to buy more of every product

C

A firm stops production but continues hiring workers

D

Households buy labour from firms and sell finished goods

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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