A-LevelEconomicsThe price system and the microeconomy9708/32 · Feb/Mar 2018 · Q41 Mark

In the diagram a consumer's budget line shifts from JK to GH. [Figure 4.1] Which statement must be correct? A There has been an increase in the consumer's money income. B There has been a decrease in the consumer's real income. C Good Y has become relatively more expensive. D The price of good X has increased.

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Mark scheme

Marking points from the official mark scheme (Feb/Mar 2018). The mark or mark type is shown in brackets.

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Topic: The price system and the microeconomy, A-Level Economics (syllabus 9708). Structured question, 1 mark.
Source: A-Level Economics, Feb/Mar 2018 Paper 3 Variant 2, question 4.

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