A-LevelEconomicsThe Price System and the MicroeconomyOct/Nov 2016Paper 1 Q121 Mark

When will it not be possible to use price as a rationing mechanism?

Q: What topic does this question test?

This question tests The Price System and the Microeconomy in A-Level Economics (syllabus code 9708). It is worth 1 mark.

Awhen a good has a number of close substitutes

Bwhen a good is an inferior good

Cwhen the demand for a good is infinitely inelastic

Dwhen the quantity of a good is in fixed supply

✓ Correct Answer

The correct answer is C: when the demand for a good is infinitely inelastic

📋 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 The Price System and the Microeconomy in A-Level Economics (syllabus code 9708). It is worth 1 mark.

Source

This question appeared in the Cambridge A-Level Economics Oct/Nov 2016 examination, Paper 1 Variant 2.

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