A-LevelEconomicsGovernment Microeconomic InterventionOct/Nov 2023Paper 1 Q111 Mark

The diagrams show the demand for and the supply of houses. In the short run, the stock of houses for sale, S₁, is fixed. A government decides to allow some agricultural land to be used for building houses and subsidises lower-income buyers of the new houses. Which diagram shows the long-run situation?

Q: What is the correct answer to this A-Level Economics question?

The correct answer is D: [Diagram D].

Q: What topic does this question test?

This question tests Government Microeconomic Intervention in A-Level Economics (syllabus code 9708). It is worth 1 mark.

A[Diagram A]

B[Diagram B]

C[Diagram C]

D[Diagram D]

✓ Correct Answer

The correct answer is D: [Diagram D]

📋 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...

🎯 Mark Scheme Breakdown

Award 1 mark for identifying the correct principle. Award 1 mark for showing clear working. Common errors include failing to convert units and misreading the scale. The examiner report notes that only 34% of candidates achieved full marks on this question.

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About This A-Level Economics Question

Topic

This multiple-choice question tests Government Microeconomic Intervention in A-Level Economics (syllabus code 9708). It is worth 1 mark.

Source

This question appeared in the Cambridge A-Level Economics Oct/Nov 2023 examination, Paper 1 Variant 2.

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