A-LevelEconomicsDemand and SupplyFeb/Mar 2016Paper 1 Q121 Mark
In which market would equilibrium not be achieved at point E if price were above Op?
ADiagram A showing upward sloping supply and downward sloping demand intersecting at E, with price p and quantity q.
BDiagram B showing upward sloping supply and vertical demand intersecting at E, with price p and quantity q.
CDiagram C showing upward sloping supply and downward sloping demand, with demand curve appearing steeper than supply curve, intersecting at E, with price p and quantity q.
DDiagram D showing upward sloping supply and downward sloping demand, with supply curve appearing steeper than demand curve, intersecting at E, with price p and quantity q.
✓ 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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