CSEC Economics · May/June 2009 · Paper 2 · Question 7(d)(i)
Outline TWO factors that might affect the price elasticity of supply of sugar.
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Practise this questionOther parts of this question
- 7(a)Define the term 'market failure'.[2 marks]
- 7(b)Outline THREE causes of market failure.[5 marks]
- 7(c)Describe TWO consequences of market failure in the transportation sector in a named Caribbean territory.[5 marks]
- 7(d)(ii)With the aid of a diagram, state TWO effects of a rightward shift in demand when supply remains unchanged.[4 marks]
More practice: the rest of this paper · more Elasticity of Demand and Supply questions · all CSEC Economics past papers