A-LevelEconomicsDemand and Supply / SupplyFeb/Mar 2023Paper 1 Q51 Mark
A supply curve is represented by the equation quantity supplied = 10 + 5P where P = the price of the product. Which price rise would cause the quantity supplied to double?
A$1 to $2
B$1 to $3
C$1 to $4
D$1 to $5
✓ Correct Answer
The correct answer is C. This question tests the candidate's understanding of demand and supply / 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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