Mark scheme Q2 microeconomics (unit 2.7)
This exam style question was written for the new syllabus and can be completed as a homework or in class written task. Section B questions now require candidates to explicitly apply their response to a real world situation. 2. (a) Explain two ways that the introduction of a price ceiling will impact on the market for food. [10 marks] Potential effects of the price ceiling on the market for food - shortages, lower...