A-LevelEconomicsDemand and SupplyFeb/Mar 2025Paper 1 Q101 Mark
The quantity demanded of a product is given by QD = 400 – 10P, when P is the price in dollars. Supply of the product is fixed at 100 units. If the price is $20, what will be the position in the market?
AIt will be in disequilibrium with excess demand of 100 units.
BIt will be in disequilibrium with excess supply of 100 units.
CIt will be in equilibrium with 100 units traded.
DIt will be in equilibrium with 200 units traded.
✓ Correct Answer
The correct answer is A. This question tests the candidate's understanding of demand and supply within the Economicssyllabus. The examiner's mark scheme requires...
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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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