IGCSE+Economics+rev+Week

The Market System





revision Multiple choice test 

Supply and Demand in action: Price of Cashmere rises: Read this [|case study] and answer the following questions: What has caused the increase in price and show this on a diagram How might this affect the market for cheaper man made fibres. How would this be shown?

 

Market Failures 


 * Look at the picture above. How many examples of market failure can you find? I can find 25! **

[|Demerit goods and the "Fat tax"]

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<span style="font-family: 'Trebuchet MS',Helvetica,sans-serif; font-size: 16px;">revision video on market failure

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