A-LevelEconomicsThe Price System and the MicroeconomyOct/Nov 2024Paper 1 Q101 Mark

The diagram shows a shift of the supply curve in a market from S₁ to S2. [Figure 10.1] How will the consumer surplus and producer surplus change?

Q: What topic does this question test?

This question tests The Price System and the Microeconomy in A-Level Economics (syllabus code 9708). It is worth 1 mark.

Aconsumer surplus: decreases by s, producer surplus: increases by s + u - t

Bconsumer surplus: decreases by s, producer surplus: increases by u + v - w

Cconsumer surplus: decreases by s + t, producer surplus: increases by s + t - v

Dconsumer surplus: decreases by s + t, producer surplus: increases by s + z - v

✓ Correct Answer

The correct answer is D: consumer surplus: decreases by s + t, producer surplus: increases by s + z - v

📋 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 The Price System and the Microeconomy in A-Level Economics (syllabus code 9708). It is worth 1 mark.

Source

This question appeared in the Cambridge A-Level Economics Oct/Nov 2024 examination, Paper 1 Variant 2.

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