A-LevelEconomicsDemand and SupplyOct/Nov 2022Paper 1 Q91 Mark
The diagram shows two linear supply curves labelled S₁ and S2, where S2 is a 45° line. Which statement about the price elasticity of supply is correct?
AThe price elasticity of supply is different at every point along both S₁ and S2.
BThe price elasticity of supply of S₁ is elastic and S2 is unit elastic.
CThe price elasticity of supply of S₁ is inelastic and S2 is unit elastic.
DThe price elasticity of supply is unit elastic at every point along both S₁ and S2.
✓ Correct Answer
The correct answer is D. This question tests the candidate's understanding of demand and supply within the Economicssyllabus. The examiner's mark scheme requires...
📋 Examiner Report & Trap Analysis
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...
🔒
Unlock the Examiner's Answer
Sign up for free to reveal the correct answer, the official mark scheme breakdown, and the examiner trap analysis for this question.
Sign Up Free to Unlock →Join thousands of Cambridge students already using Oracle Prep