Contents
Special Features	i
Exam Paper Format	iv
Exam Strategies	v
Exam Question Distribution	ix

1	The Basic Economic Problems	1
Section A	Short Questions	3
Section B	Structured Questions	6

2	Demand, Supply and Price	15
Section A	Short Questions	17
Section B	Structured Questions	28

3	Production	47
Section A	Short Questions	51
Section B	Structured Questions	58

4	Units of Production	70
Section A	Short Questions	72
Section B	Structured Questions	76

5	Market Structure	85
Section A	Short Questions	86
Section B	Structured Questions	90

Mid-term Test 1	97
Mid-term Test 2	109
Solution Guide	122