A-LevelEconomicsThe price system and the microeconomy9708/32 · Oct/Nov 2019 · Q71 Mark
The diagram shows a consumer's indifference curves (IC) for goods F and G together with the consumer's budget lines. [Figure 7.1] What could explain the movement from X to Z on the diagram?
- (A)a fall in the price of G when G is an inferior good
- (B)a fall in the price of G when F is a Giffen good
- (C)a fall in the price of G when G is a normal good
- (D)a fall in the price of G when G is a Giffen good
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] A
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