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Embed Aqa Econ1 w Qp Jun C its firms hold relatively low levels of stock. The governmenttherefore has an incentive to intervene to ensure its provision.

We are always happy to assist you. Publish in Documents Nov 18, A Economic theory assumes that firms will maximise profits. W Cdma Umts George H. Pencil should only be used for drawing.

Aqa Pha6w w Qp Jan05

D Governments must intervene in markets. D benefit from specialisation and the division of labour. The marks for questions are shown in brackets. You are advised to spend no more than 25 minutes on Section A. You may use a calculator. For each question there are four alternative responses, ABJun0 and D. D income elasticity of demand is negative.


We Need Your Support. Please download to get full document. B increase production of public goods. Aqa Econ1 w Qp Jun Yeats Presidency Of George W.

Aqa Econ1 w Qp Jun11

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C Producers and consumers may have to consider opportunity cost when makingdecisions. Each question carries one mark. Good X is most likely to be a A public good. Each question carries 1 mark. Do not use pencil. B its firms are operating below their full capacity. No deductions will be made for wrong answers.

C the distribution of wealth became more unequal. D there are many substitutes for its output. Yet the la01 andconsumption of at least some of Good X increases the welfare of society.

Aqa Pha6w w Qp Jan05 – Documents

C price elasticity of demand is negative. We are nonprofit website to share and download documents. C prevent market failure. When you have selectedthe response which you a is the best answer to a question, mark this response on your objectivetest answer sheet. All materials on our website are shared by users.


Share Aqa Econ1 w Qp Jun B the distribution of income became more unequal. B income elasticity of demand is positive. B subsidise producers by Aa 3 P 2 per unit of the good.

If you have any questions about copyright issues, please report us to resolve them. B Labour is the human contribution to production. D everyone became better off because total income increased.