A-LevelEconomicsDemand and SupplyOct/Nov 2010Paper 1 Q121 Mark
Rising demand for oil from China and other countries is leading to concerns that there may be a world shortage of oil. How should a change in the price of oil prevent such a shortage developing?
APrice should fall to reduce demand and encourage a search for more oil.
BPrice should fall to reduce supply and encourage a reduction in fuel use.
CPrice should rise to reduce demand and encourage a search for alternative fuels.
DPrice should rise to reduce supply and encourage a switch to alternative fuels.
✓ 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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