A-LevelEconomicsDemand and SupplyOct/Nov 2019Paper 1 Q101 Mark
A government increased a specific tax on shoes. The resulting increase in the price of shoes was paid mainly by the consumer and not by the producer. What must be true for this to happen?
AThe price elasticity of demand was less than the price elasticity of supply.
BThe price elasticity of demand was unitary.
CThe price elasticity of supply was less than one.
DThe price elasticity of supply was inelastic while the price elasticity of demand was elastic.
✓ Correct Answer
The correct answer is A. 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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