A-LevelEconomicsDemand and SupplyOct/Nov 2017Paper 1 Q101 Mark
Consumer X is the largest of five consumers and buys 50% of sales. The table shows the quantity of the good demanded by consumer X and the market supply of the good. [Table showing price ($), demand from consumer X, and market supply] What would be the market equilibrium price?
A$4
B$6
C$8
D$10
✓ Correct Answer
The correct answer is B. 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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