How Markets Work Revision Notes, Past Papers & Questions for A-Level Edexcel Economics A

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What does the law of diminishing marginal utility explain?

It explains why supply curves are upward sloping.

It justifies the downward slope of the demand curve.

It describes the elasticity of supply in the long run.

It determines the equilibrium price in a market.

It outlines the factors that shift the supply curve.

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A-Level Edexcel Economics A How Markets Work Revision Notes

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How Markets Work Revision Notes, Past Papers & Questions for A-Level Edexcel Economics A

Study Edexcel Economics A Past Papers & Marking Schemes

How Markets Work Revision Notes

How Markets Work Questions

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What does the law of diminishing marginal utility explain?

A-Level Edexcel Economics A How Markets Work Revision Notes

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Other A-Level Edexcel Economics A topics to explore

Nature of Economics

Market Failure

Government Intervention

Measures of Economic Performance

Aggregate Demand (AD)

Aggregate Supply (AS)

National Income

Economic Growth

Macroeconomic Objectives & Policies

Business Growth

Business Objectives

Revenues, Costs & Profits

Market Structures

Labour Market

International Economics

Poverty & Inequality

Emerging & Developing Economies

The Financial Sector

Role of the State in the Macroeconomy

1. Introduction to Microeconomics