Question 1
Using the information in Extract C, calculate the index for UK butter prices in July 2018. You are advised to show your working.
(4)
Using Extract A, explain one impact on competitors of the proposed merger between Sainsbury’s and ASDA.
(4)
With reference to Extract B, explain one likely reason for the change in market share of the discount supermarkets.
(4)
Using Extract C, analyse how an increase in cost-push inflation may affect economic growth.
(6)
With reference to Extract B, discuss the impact of falling real wages on the UK supermarket sector.
(8)
Using the extracts, assess the likely impact on consumers and suppliers of the increased market power of supermarkets.
(10)
Assess the impact of food price inflation on UK living standards.
(12)
With reference to Extract A, assess the likely problems for Sainsbury’s and Asda of their proposed merger.
(12)