A-LevelEconomicsDemand and SupplyFeb/Mar 2021Paper 1 Q71 Mark
The table shows a competitive market in equilibrium in two periods. period market price (cents) quantity traded 1 50 10000 2 60 12000 What could explain the change from period 1 to period 2?
Aan increase in the price of a complement
Ban increase in the price of a substitute
Cthe imposition of a minimum price of 60 cents by a government
Dthe imposition of an indirect tax on suppliers
✓ Correct Answer
The correct answer is B. 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...
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