O-LevelEconomicsThe allocation of resources2281/13 · Oct/Nov 2024 · Q61 Mark

A fall in which variable would help eliminate a market shortage?

Aquantity demanded

Bprice

Cquantity supplied

Dthe number of firms

✓ Correct answer

A: quantity demanded

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Topic: The allocation of resources, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source: O-Level Economics, Oct/Nov 2024 Paper 1 Variant 3, question 6.

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