Economics 0455 · IGCSE · Price changes

Price changes — practice question

Petrol prices rise in a country with a market economic system. What consequence does this lead to?

  • AMore cars are bought.
  • BThe costs of road transport increase.
  • CThe quantity of petrol supplied falls.
  • DThere is a shortage of petrol.

Worked solution & mark scheme

This 1-mark question has a full step-by-step worked solution and mark scheme.

  • Full mark scheme, point by point
  • Step-by-step worked solution
  • Write your answer & get it marked instantly by AI