Supply & Demand in related markets to Protein
Five different sources focusing on the impact of rising demand for protein on related markets. It considers joint demand in terms of increased demand for GLP 1 weight loss drugs and how that has driven up demand for protein, as users wish to protect against muscle loss whilst dieting. The main context focuses on Whey protein as a key ingridient in infant formula and the impact in this market. The data is made up of text, numerical and graphical data all of which students are required to use in their answers. There are 8 questions marks are (2,4,2,2, 4, 2, 4, 25). The questions require calculations of percentage changes and PED, students need to use the data to show their understanding of Joint, composite and derived demand as well as having to draw a supply and demand diagram for the infant formula market to show the impact of what has happened in the market for Whey protein. These questions would be suitable for returning Year 13’s in September to review key Year 12 content. The last two questions which require students to apply their understanding of market structures for 4 marks and the 25 marker in which they need to evaluate the use of a price cap in the infant formula market could be used later after market structures have been covered. A model answer for the essay is also included as part of a full mark scheme.











