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Quick questions on Markets, competition, demand and supply - OCR A-Level Business
2short Q&A pairs drawn directly from our worked dot-point answer. For full context and worked exam questions, read the parent dot-point page.
What is q1?Show answer
State two factors, other than price, that determine the demand for a product. [2 marks]
What is q2?Show answer
Analyse one way a rise in the level of competition could affect a firm's decisions. [6 marks]
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