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Economics (AS & A Level) · Oct / Nov 2022 · Paper 11 · Question 3

9708Economic methodology

Food prices in a country increased by 20% in three months due to an infectious virus. Which statement about the cause of this rise in food prices is normative?

  1. AConsumers were scared of running out of food.
  2. BFarm workers demanded higher wages to cover extra hours worked.
  3. CSupply of foreign food was reduced because of closed borders.
  4. DTransport costs increased by 10%.

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Correct answer: A. Consumers were scared of running out of food.

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