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?
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. 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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