A-LevelEconomicsDemand and SupplyOct/Nov 2009Paper 1 Q71 Mark
Two goods, X and Y, are complementary goods. Column 1 of the table below shows the original market situation at time period 1 and column 2 shows the situation following an increase in the price of good Y. [Table] The value of cross elasticity of demand for good X with respect to the price of good Y lies between
A-1.7 and -2.6.
B-0.8 and -1.3.
C-0.3 and -0.8.
D+0.3 and +0.6.
✓ 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...
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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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