A-LevelEconomicsThe Price System and the MicroeconomyMay/June 2010Paper 1 Q51 Mark
In 2008 the demand curve for new cars in the European Union shifted to the left. Which change could have caused such a shift?
Aan increase in real disposable income
Ban increase in the cost of borrowing
Can increase in the price of new cars
Dan increase in the price of train travel
✓ Correct Answer
The correct answer is B. This question tests the candidate's understanding of the price system and the microeconomy 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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