Structured questions

2 Global food prices have increased significantly in recent years. Food
poverty has also increased as result. In an attempt to reduce the prices of
basic foodstuffs, some governments have introduced policy measures to
encourage farmers to increase their output and shift market supply curves
to the right.
B
A Identify what determines an equilibrium price in a market.
Explain two factors that may cause the supply curve of a
product to shift out to the right.
C
Analyse what effect a fall in food prices may have
on the profit of farm owners.
D
Discuss whether food prices are likely to continue rising in
the future.
[2]
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[8]