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AS Micro: Mock Exam Question on Sugar Prices
28th April 2011
I have adapted a recent exam question in the global sugar market and the debate about sugar & salt consumption, obesity and market failure to create a new mock exam question for AQA Unit 1 students. It is available for download below. Unit_1_Revision_Sugar.pdf
Questions:
1. Define “price elasticity of supply” (5 marks)
2. Using Figure 1, identify two significant points of comparison between changes in the world price of sugar and changes in the index of consumer prices for sugar, jam, honey, syrups and confectionery (8 marks)
3. With reference to Figure 1 and Extract A, explain why the price of sugar ‘more than doubled over the last few years’. Use a supply and demand diagram in your answer. (12 marks)
4. Evaluate possible economic policies that a government might use to reduce significantly the consumption of foods and drinks with high sugar content (25 marks)
More AS micro revision resources available by clicking on the links below
Geoff Riley
Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.