A-LevelEconomicsThe Market System and the National EconomyOct/Nov 2023Paper 1 Q131 Mark
What is the most likely cause of the continuous increase in prices of famous paintings by now dead artists?
Athe increasing technological ability to copy famous paintings perfectly
Bthe popular view that famous paintings are an appreciating asset
Cthe totally inelastic supply of famous paintings by dead artists
Dthe wish of governments to treat art galleries as merit goods
✓ Correct Answer
The correct answer is B. This question tests the candidate's understanding of the market system and the national economy 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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