Mark scheme Q5 microeconomics (unit 2.1-2.3)
This exam style question and mark scheme was written by me for the new syllabus, taking into consideration the guidance received during the recent economics up skilling workshop. Section B questions now require candidates to explicitly apply their response to a real world situation.5 (a) Explain how one possible demand factor and one possible supply factor might cause an increase in world food prices. [10 marks]