Economics 9708: The Price System and the Micro Economy Topical Past Paper Questions
Cambridge AS & A Level Economics (9708) past-paper questions on The Price System and the Micro Economy, free. This topic is frequently examined across 22 exam sessions. Sign in for the full topic-segregated question bank and AI worksheets.
Sample questions
The market for farm workers is perfectly competitive. Which change is likely to increase the wage rate and employment of farm workers in the short run? A a decrease in the demand for farm products B a decrease in the number of farm workers retiring C an increase in the immigratio…
What is the most likely evidence that an economy has reached a position of Pareto optimality? A price volatility B a large current account deficit C a regressive taxation system D full employment
The diagram represents the market for labour. What would be the effect on transfer earnings and economic rent of a change in the supply curve from $ S_{1} $ to $ S_{2} $?
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