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How to use this booklet. This booklet goes through the paper one question at a time, showing you the high-, middle- and low-level response for. each question. The candidate answers are set in a table. In the left-hand column are the candidate answers, and in. the right-hand column are the examiner comments.
11 Μαρ 2022 · The document provides example candidate responses for Paper 2 of the Cambridge IGCSE Economics exam. It includes high, middle, and low-level responses to each question on the paper. For each response, the examiner comments on what was done well and how the response could be improved.
Economics 0987 and to show examples of very good answers . This booklet contains answers to 0455 Specimen Paper 2 (2020), which has been marked by a Cambridge examiner.
At other times there is a surplus of supply with some flowers remaining unsold. Kenyan producers are also affected by changes in the foreign exchange rate and the country’s interest rate. In 2015, the value of the Kenyan shilling (KES) depreciated from KES88 to KES98 = US$1.
SPECIMEN from 2020 © UCLES 2017 Page 9 of 16 Question Answer Marks 3(a) Define maximum price. A price that producers cannot charge above / a price ceiling (1) set by the government (1). 2 3(b) Explain two reasons why the supply of bananas may decrease. Logical explanations which might include: •
Introduction to Supply. Supply is the amount of a good/service that a producer is willing & able to supply at a given price in. given time period. supply curve is a graphical representation of the price and quantity supplied by producers If data were plotted, it would be an actual curve.
Cambridge IGCSE Economics (0455) Past papers, examiner reports and specimen papers. You can download one or more papers for a previous session. Please note that these papers may not reflect the content of the current syllabus.
