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O-LevelEconomicsThe allocation of resources2281/11 · May/June 2013 · Q41 Mark

In a pure market economy, which secondary factor determines the distribution of goods and services?

Afairness to the consumer
Bneeds of the consumer
Cprice of the product
Dquality of the product

✓ Correct answer

C: price of the product

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About this question

Topic
The allocation of resources, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source
O-Level Economics, May/June 2013 Paper 1 Variant 1, question 4.

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