Cambridge IGCSE Economics practice
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At a glance
MCQ
Type
cambridge_mcq
Style
Topic
The role of markets in allocating resources
Exam-style question
What occurs when demand exceeds supply in a market?.
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Flashcard 1 of 6
Question 1 of 5
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Description
As consumers become more health-conscious, the demand for oranges has risen sharply. However, the supply has not increased at the same rate due to seasonal factors.
State the effect of increased demand on the price of oranges.
Aim for approximately 1 distinct marking point.