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1 markEconomic Factors of Production

CSEC Agricultural Science · 2010 (second paper) · Paper 2 · Question 7(b)(iii)

If the price of tomato increases from 2.00 to 4.00, how will the farmer MOST likely respond?

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Other parts of this question

  1. 7(a)Using price and quantity, explain what is happening at point B of Figure 2.[2 marks]
  2. 7(b)(i)If the price of tomato increases from 2.00 to 4.00, what will be the quantity demanded?[1 mark]
  3. 7(b)(ii)If the price of tomato increases from 2.00 to 4.00, suggest TWO ways by which the consumer will respond to the increase in price.[2 marks]
  4. 7(b)(iv)If the price of tomato increases from 2.00 to 4.00, what will be the quantity supplied?[1 mark]
  5. 7(c)Suggest TWO measures which Caribbean governments can take to prevent the scarcity of tomato.[2 marks]
  6. 7(d)State the law of diminishing returns, using an example of a crop grown on a farm.[3 marks]

More practice: the rest of this paper · more Economic Factors of Production questions · all CSEC Agricultural Science past papers