A-LevelEconomicsElasticityOct/Nov 2010Paper 1 Q61 Mark
The diagram shows a consumer's short-run and long-run demand curves for coconuts. Initially, the consumer purchases quantity Q₀ at price P₀. [Figure 6.1] If the price of coconuts increases from P₀, the consumer's short-run response is greater than his long-run response. If the price decreases from P₀ his short-run response is smaller than his long-run response. What is the consumer's short-run demand curve?
AVYW
BVYZ
CXYZ
DXYW
✓ Correct Answer
The correct answer is D: XYW
📋 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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