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Cambridge (CAIE) · IGCSE

Economics question 21

0455/11 · May/June 2023 · Multiple Choice

Syllabus topics
  • The factors of production
  • Supply
  • Demand
  • Price determination
  • The role of markets in allocating resources
  • Opportunity cost
  • Production possibility curve (PPC) diagrams
  • Price changes
  • Microeconomics and macroeconomics
  • Firms and production
  • Market failure

Question 21

0455/11 · May/June 2023

1 mark
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