A-LevelEconomicsBasic Economic Ideas and Resource AllocationMay/June 2012Paper 1 Q131 Mark
The diagram shows the demand and supply curves for parking spaces in a hospital car park. [Figure 13.1] The managers decide to rely on the price mechanism to allocate parking spaces at the hospital. What is required for this to work?
AAlternative means of transport must be provided for those unable to afford price OP.
Bsurvey will be needed to find out the amount users are willing to pay.
CThe capacity of the car park will need to be expanded.
DThe price charged for parking spaces must be OP.
✓ Correct Answer
The correct answer is D: The price charged for parking spaces must be OP.
📋 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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