Assessment Statement:
There are twenty questions in this assessment.
Some questions are worth up to 14 marks.
You must attempt to answer each question.
The maximum score is 126 marks.
The following scores are possible:
Achieved: 34 - 54; Merit: 55 - 75; Excellence: 75+

You may use pen and paper and a calculator.
Please press on the assessment below to start
Formative Assessment 1.4 Demonstrate understanding of how consumer, producer and/or government choices affect society, using market equilibrium