AQA AS LEVEL ECONOMICS PAPER 1 QUESTION PAPER 2023 (7135/1: The Operation of Markets and Market Failure).
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AQA AS LEVEL ECONOMICS PAPER 1 QUESTION PAPER 2023 (7135/1: The Operation of Markets and Market Failure). DOWNLOAD OFFICIAL AND VERIFIED AQA AS LEVEL ECONOMICS...
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AQA AS LEVEL ECONOMICS PAPER 1 QUESTION PAPER 2023 (7135/1: The Operation of Markets and Market Failure). DOWNLOAD OFFICIAL AND VERIFIED AQA AS LEVEL ECONOMICS PAPER 1 QUESTION PAPER 2023 ON www.leakedexams.com.


 1 Which one of the following gives rise to opportunity cost?
[1 mark]
A Alternative uses for resources
B Market failures for many goods
C The methodology of positive economics
D The presence of externalities
0 2 A bakery decides to increase the price of the bread that it sells.
Which one of the following price elasticities of demand for bread will result in the largest
increase in the bakery’s total revenue?
[1 mark]
A –0.4
B –0.8
C –1.0
D –2.0