A-LevelEconomicsDemand and SupplyOct/Nov 2017Paper 1 Q71 Mark

In the diagram D₁D₁ is a straight line demand curve and D2D2 is a rectangular hyperbola curve. [Figure showing demand curves D1D1 and D2D2 intersecting at M, with D2D2 also passing through N] Which statement is correct?

Q: What topic does this question test?

This question tests Demand and Supply in A-Level Economics (syllabus code 9708). It is worth 1 mark.

AD2D2 is more elastic than D₁D₁ at point M.

BD2D2 is more elastic than D₁D₁ at point N.

CThe elasticity of demand increases on moving down both curves.

DThe elasticity of demand is inelastic at point M on both curves.

✓ Correct Answer

The correct answer is B: D2D2 is more elastic than D₁D₁ at point N.

📋 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 Demand and Supply in A-Level Economics (syllabus code 9708). It is worth 1 mark.

Source

This question appeared in the Cambridge A-Level Economics Oct/Nov 2017 examination, Paper 1 Variant 2.

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