O-LevelEconomicsThe allocation of resources2281/12 · May/June 2015 · Q51 Mark

What would not be an example of the working of a market system?

Ahigh price charged because of costly research to produce the good

Bhigh price charged for a well-known painting

Clow price charged because of economies of scale

Dlow price charged for subsidised bus travel

✓ Correct answer

D: low price charged for subsidised bus travel

Oracle Prep sorts past-paper questions by topic, so you can drill The allocation of resources and see which topics are most likely to come up next.

Topic: The allocation of resources, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source: O-Level Economics, May/June 2015 Paper 1 Variant 2, question 5.

Questions and mark schemes are from past examination papers and remain the copyright of the exam board. How Oracle Prep builds its content