AS Paper 1, June 2018Introduction to Markets and Market Failure
AS Paper 1, June 2018, Q6(a)
With reference to Figure 1 and Extract A, explain why the price of uranium has ‘fallen to a 13-year low’ (Extract A, lines 2 and 3) in 2016. Include a supply and demand diagram in your answer.
Data responseExplain5 marks
Case study
Energy markets
Original diagram required. See the original question paper for the diagram.