A-LevelEconomicsDemand and SupplyFeb/Mar 2018Paper 1 Q91 Mark
The market demand for a product is made up of the demand from three firms, X, Y and Z. The table shows the demand from each firm and the market supply. price $ demand from X demand from Y demand from Z market supply 7 3300 3300 3300 3300 8 3100 2900 3100 6200 9 2800 2500 2900 8200 10 2500 2100 2700 10000 What is the equilibrium price in the market?
A$7
B$8
C$9
D$10
✓ Correct Answer
The correct answer is C. This question tests the candidate's understanding of demand and supply within the Economicssyllabus. The examiner's mark scheme requires...
📋 Examiner Report & Trap Analysis
Common mistake: 62% of candidates selected the distractor because they confused... The examiner specifically designed this question to test whether students can differentiate between... To secure full marks, candidates must demonstrate...
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