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12 marksMarket Equilibrium

CAPE Economics Unit 1 · 2008 · Paper 2 · Question 2(b)

Analyze the likely effects of an increase in oil prices on the market for food.

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Other parts of this question

  1. 2(a)(i)Demand[10 marks]
  2. 2(a)(ii)Supply[8 marks]
  3. 2(a)(iii)Quantity bought and sold[10 marks]
  4. 2(a)(iv)Price[10 marks]

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