A-LevelEconomicsThe price system and the microeconomy9708/33 · Oct/Nov 2019 · Q71 Mark

The price of brand X is $2 and the price of brand Y is $1. The consumer has $20 income to spend on these brands. Which combinations of the two brands would be points on the same budget line for this consumer? 0 units of X and 20 units of Y 5 units of X and 10 units of Y 10 units of X and 0 units of Y A key B X X ✓ = on the same budget line C X x = not on the same budget line D X

(a)The price of brand X is $2 and the price of brand Y is $1. The consumer has $20 income to spend on these brands. Which combinations of the two brands would be points on the same budget line for this consumer? 0 units of X and 20 units of Y 5 units of X and 10 units of Y 10 units of X and 0 units of Y A key B X X ✓ = on the same budget line C X x = not on the same budget line D X[1]

Mark scheme

Marking points from the official mark scheme (Oct/Nov 2019). The mark or mark type is shown in brackets.

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Topic: The price system and the microeconomy, A-Level Economics (syllabus 9708). Structured question, 1 mark.
Source: A-Level Economics, Oct/Nov 2019 Paper 3 Variant 3, question 7.

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