Economics 0455 · IGCSE · Price determination

Price determination — practice question

Favourable weather causes both demand for and supply of peaches to rise. What effect will this have on the price and quantity traded in the market for peaches?

  • Aprice of peaches: fall; quantity of peaches traded: fall
  • Bprice of peaches: rise; quantity of peaches traded: rise
  • Cprice of peaches: rise; quantity of peaches traded: uncertain
  • Dprice of peaches: uncertain; quantity of peaches traded: rise

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