A-LevelEconomicsDemand and SupplyFeb/Mar 2019Paper 1 Q131 Mark

Producer surplus is the difference between

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.

Athe consumer surplus from the good and the producers' total cost of supplying the good.

Bthe highest price that the consumer would be willing to pay for the good and the price the producer actually sold it for.

Cthe lowest price that the producer would accept for the good and the price the producer actually sold it for.

Dthe quantity that the producers manufacture in a week and the amount sold to consumers in that week.

✓ Correct Answer

The correct answer is C: the lowest price that the producer would accept for the good and the price the producer actually sold it for.

📋 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 Feb/Mar 2019 examination, Paper 1 Variant 2.

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