A-LevelEconomicsGovernment Microeconomic InterventionOct/Nov 2023Paper 1 Q61 Mark
Some goods are over-consumed in a market economy. What is likely to be the cause of this?
AConsumer surplus exceeds producer surplus.
BConsumers undervalue the benefits of consuming the goods.
CThere is excess supply in the market for the goods.
DThere is imperfect information in the market.
✓ Correct Answer
The correct answer is D. This question tests the candidate's understanding of government microeconomic intervention 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...
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