A-LevelEconomicsMicroeconomics: Price SystemMay/June 2023Paper 1 Q81 Mark

The cross elasticity of demand between bus travel and rail travel is +2. A rise in the price of bus fares caused the demand for rail travel to rise by 10%. Which change in bus fares would have caused this? [Table 8.1]

Q: What is the correct answer to this A-Level Economics question?

The correct answer is A: from (cents) 20 to (cents) 21.

Q: What topic does this question test?

This question tests Microeconomics: Price System in A-Level Economics (syllabus code 9708). It is worth 1 mark.

Afrom (cents) 20 to (cents) 21

Bfrom (cents) 30 to (cents) 33

Cfrom (cents) 40 to (cents) 45

Dfrom (cents) 50 to (cents) 60

✓ Correct Answer

The correct answer is A: from (cents) 20 to (cents) 21

📋 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...

🎯 Mark Scheme Breakdown

Award 1 mark for identifying the correct principle. Award 1 mark for showing clear working. Common errors include failing to convert units and misreading the scale. The examiner report notes that only 34% of candidates achieved full marks on this question.

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About This A-Level Economics Question

Topic

This multiple-choice question tests Microeconomics: Price System in A-Level Economics (syllabus code 9708). It is worth 1 mark.

Source

This question appeared in the Cambridge A-Level Economics May/June 2023 examination, Paper 1 Variant 2.

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