Quelpr
2 marksEconomic Factors of Production

CSEC Agricultural Science · May/June 2010 · Paper 2 · Question 7(b)(ii)

Suggest TWO ways consumers will respond to this price increase.

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Other parts of this question

  1. 7(a)Using price and quantity, describe what is occurring at point B in Figure 2.[2 marks]
  2. 7(b)(i)State the quantity demanded if the price of tomato rises from 2.00 to 4.00.[1 mark]
  3. 7(b)(iii)Describe how the farmer will most likely respond to the price increase.[1 mark]
  4. 7(b)(iv)State the quantity supplied when the price increases to $4.00.[1 mark]
  5. 7(c)Suggest TWO measures Caribbean governments can implement to prevent tomato shortages.[2 marks]
  6. 7(d)State the law of diminishing returns, giving an example using a farm crop.[3 marks]

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