A-LevelEconomicsThe Price System and the MicroeconomyOct/Nov 2020Paper 1 Q51 Mark
In the UK, attempts to encourage people to change from road to rail travel by the introduction of a system of road pricing were forecast to have little effect because 'people like using their cars too much'. How would this forecast be explained?
AThe price elasticity of demand for cars is high.
BThe price elasticity of demand for petrol is high.
CThe price elasticity of demand for rail travel is low.
DThe price elasticity of demand for car travel is low.
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The correct answer is D. This question tests the candidate's understanding of the price system and the microeconomy within the Economicssyllabus. The examiner's mark scheme requires...
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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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