O-LevelEconomicsThe allocation of resources2281/11 · May/June 2022 · Q21 Mark

What could cause an increase in demand for a factor of production?

Adecrease in the efficiency of the factor of production

Bdecrease in the price of an alternative factor of production

Cincrease in the demand for the good or service produced

Dincrease in the price of the factor of production

✓ Correct answer

C: increase in the demand for the good or service produced

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Topic: The allocation of resources, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source: O-Level Economics, May/June 2022 Paper 1 Variant 1, question 2.

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