A-LevelEconomicsThe price system and the microeconomy9708/33 · Oct/Nov 2019 · Q81 Mark
The diagram shows an industry's demand and supply curves. The industry increases supply from S₁ to S2. price V W X y S 1 S2 quantity Which area shows the total gain in society's economic welfare? A v+w+x B W + x C x + y D(x + y) – (v + w)
- (a)The diagram shows an industry's demand and supply curves. The industry increases supply from S₁ to S2. price V W X y S 1 S2 quantity Which area shows the total gain in society's economic welfare? A v+w+x B W + x C x + y D(x + y) – (v + w)[1]
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 is C)
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