A-LevelEconomicsDemand and SupplyFeb/Mar 2025Paper 1 Q71 Mark

The diagram represents the market for a good. [Figure showing a demand and supply curve with points P, S1, X, Y, D1, Z, O and quantity] Which statement is correct?

Q: What topic does this question test?

This question tests Demand and Supply in A-Level Economics (syllabus code 9708). It is worth 1 mark.

AOX represents the price above which no producer wishes to stay in the market.

BOZ represents the minimum price consumers are prepared to pay.

CPYZ represents the total consumer surplus.

DXYZ represents the total producer surplus.

✓ Correct Answer

The correct answer is D: XYZ represents the total producer surplus.

📋 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 Demand and Supply in A-Level Economics (syllabus code 9708). It is worth 1 mark.

Source

This question appeared in the Cambridge A-Level Economics Feb/Mar 2025 examination, Paper 1 Variant 2.

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