A-LevelEconomicsThe price system and the microeconomy9708/31 · Oct/Nov 2017 · Q171 Mark
An increase in the world price of oil increases the demand for deep sea divers from D₁ to D2 as shown. [Diagram] What is the change in the economic rent earned by the divers?
- A OQTM to OQWN B ORTM to OXWN C QRT to QXW D QYT to QVW[1]
This question uses a diagram from the original paper, which isn't shown here. Open the full paper from the past papers archive to see it.
Mark scheme
Marking points from the official mark scheme (Oct/Nov 2017). The mark or mark type is shown in brackets.
- [1] C
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