Mark scheme Q5 microeconomics (unit 2.1-2.3)
This exam style question was written for the new syllabus and can be completed as a homework or in-class written exercise. 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] Definitions Explanation Diagrams Increase in demand...