A-LevelEconomicsThe Market System and the National EconomyFeb/Mar 2017Paper 1 Q111 Mark

Jam and honey are substitutes. Honey and beeswax are in joint supply. Other things being equal, what will be the result of an increase in the price of jam?

Q: What is the correct answer to this A-Level Economics question?

The correct answer is C: rise fall.

Q: What topic does this question test?

This question tests The Market System and the National Economy in A-Level Economics (syllabus code 9708). It is worth 1 mark.

Afall fall

Bfall rise

Crise fall

Drise rise

✓ Correct Answer

The correct answer is C: rise fall

📋 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 The Market System and the National Economy in A-Level Economics (syllabus code 9708). It is worth 1 mark.

Source

This question appeared in the Cambridge A-Level Economics Feb/Mar 2017 examination, Paper 1 Variant 2.

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