Advanced level 2024 CASPA mock Economics 2
Advanced level 2024 CASPA mock Economics 2
SECTION A
1. a) Distinguish between the pessimistic population theory and the optimistic population theory (8 marks)
b) What are the possible negative consequences of a net immigration? (12 marks)
2. a) With the aid of diagrams, explain how an increase in the price of “mobile phones” will affect the
market price and quantity demanded of “sim cards” (12 marks)
b) What factors will cause an increase in the supply of a good? (8 marks)
3. a) Using a diagram, explain price rigidity in the oligopoly market. (10 marks)
b) What are the advantages of oligopoly to consumers? (10 marks)
4. a) Examine why different rates of interest exist. (10 marks)
b) What factors may increase the rate of interest? (10 marks)
