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Cambridge A Level Economics 9708 October November 2024 Paper 2, Variant 1 – Sample Answers and Examiner Commentary – Question 2

Question:

2 (a) Explain the determinants of supply for an agricultural product, such as rice, and consider
which of these determinants is likely to be of the greatest significance at the present time. [8]
(b) Assess whether the supply of agricultural products is likely to be more price elastic or less
price elastic than the supply of manufactured products.

Sample Answer:

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