A-LevelEconomicsThe Price System and the MicroeconomyMay/June 2010Paper 1 Q91 Mark
In 2008 a disease killed a significant number of sheep used to produce wool. How would the short-run effect be shown on a demand and supply diagram for wool?
Amovement down the existing supply curve
Bmovement up the existing supply curve
Cshift to the left of the supply curve
Dshift to the right of the supply curve
✓ Correct Answer
The correct answer is C. This question tests the candidate's understanding of the price system and the microeconomy 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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