Mark scheme Q13 microeconomics (unit 2.5-2.6)
This paper 1 style question contains section (a) and part (b) questions. Part A asks candidates to explain the factors that might explain a rise in oil prices. Responses should include one demand and one supply factor. Responses to part (b) should also include an effective discussion of whether, given the volatility of energy prices, governments should intervene in the market. Responses should include some of the...