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2 marksThe Demand for and Supply of Factors

CAPE Economics Unit 1 · 2006 · Paper 1 · Question 11(b)

John told Jane that the price of sugar is an important factor influencing the price of land on which sugar cane is planted. Explain why this may be so.

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Other parts of this question

  1. 11(a)Explain briefly the difference between interest and profits.[2 marks]
  2. 11(c)List TWO factors of production and explain how the reward of any ONE of them relates to the cost of production.[2 marks]

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