Economics 2281 · O Level · Price determination

Price determination — practice question

When the weather is favourable, the demand for tomatoes rises, and the supply of tomatoes rises as well. What is certain to happen as a result?

  • AThe price of tomatoes will fall.
  • BThe price of tomatoes will rise.
  • CThe quantity of tomatoes traded will fall.
  • DThe quantity of tomatoes traded will 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