Economics 9-1 0987: Allocation of Resources Topical Past Paper Questions
Cambridge IGCSE Economics 9-1 (0987) past-paper questions on Allocation of Resources, free. This topic is frequently examined across 13 exam sessions. Sign in for the full topic-segregated question bank and AI worksheets.
Sample questions
The diagram shows the market for an essential medicine. The government has intervened to decrease the maximum price of the medicine from $ P_{1} $ to $ P_{2} $. price What is the impact of the decrease in maximum price on the market for this medicine? A a decrease in excess deman…
A bridge is built over a river which enables journey times to be reduced. The table shows costs and benefits of building the bridge. Which calculation represents social benefit? A $12000 - $10000 = $2000 B $8000 - $5000 = $3000 C $12000 + $5000 = $17000 D $8000 + $12000 = $20000
A period of bad weather leads to a failure of the rice crop. What is the effect on the market for rice? A a shortage of rice and a fall in its price B a shortage of rice and a rise in its price C a surplus of rice and a fall in its price D a surplus of rice and a rise in its pric…
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