Economics 9708/21 Oct Nov 2010 | Cambridge AS Level Past Papers With Mark Scheme

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1. Identifying factors influencing scarcity, including weather patterns and consumption trends.
2. Comparing the effects of budget line shifts and income changes on consumer choices using indifference curves.
3. Analyzing supply and demand adjustments in cases of market surplus and government interventions.
4. Understanding the relationship between price elasticity of demand and total revenue for various goods.
5. Exploring externalities and government interventions to address inefficiencies in markets for public goods.
6. Discussing the effects of trade, exchange rates, and fiscal policies on a country’s terms of trade and balance of payments.