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    So I'm retaking Econ 1 tomorrow, and ive just been hoping buffer stocks don't come up because I all I know about them is its something to do with stabilising prices.

    So can anyone actually help me understand what they are and how they are or else tomorrow I'm doomed if they come up lol
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    There's basically a minimum and a maximum price. Government buys surplus stock if price falls too low, government sells if price is too high.

    Here's a page to help: http://learneconomicsonline.com/bufferstock.php
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    (Original post by pumbting)
    So I'm retaking Econ 1 tomorrow, and ive just been hoping buffer stocks don't come up because I all I know about them is its something to do with stabilising prices.

    So can anyone actually help me understand what they are and how they are or else tomorrow I'm doomed if they come up lol
    Is this for Edexcel? The new Edexcel exam doesn't have buffer stock schemes anymore, does it?
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    (Original post by Haamoo7)
    Is this for Edexcel? The new Edexcel exam doesn't have buffer stock schemes anymore, does it?
    I'm doing AQA, but I hope its not in there anymore, haven't seen a question about it since 2011 but just in case
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    (Original post by amelienine)
    There's basically a minimum and a maximum price. Government buys surplus stock if price falls too low, government sells if price is too high.

    Here's a page to help: http://learneconomicsonline.com/bufferstock.php
    Ah ok that seems way more simple than I was expecting haha, thanks
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    (Original post by Haamoo7)
    Is this for Edexcel? The new Edexcel exam doesn't have buffer stock schemes anymore, does it?
    no
 
 
 
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