The diagrams show different budget lines and consumer equilibrium choices. The consumer is in equilibrium at Q1XQ1Y. Which diagram shows the effect of a successful advertising campaign of good Y? A [Diagram A] B [Diagram B] C [Diagram C] D [Diagram D]
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 2019). The mark or mark type is shown in brackets.
- [1] Correct option: B
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