A-LevelEconomicsDemand and SupplyMay/June 2013Paper 1 Q101 Mark
Firm Z is one of a number of firms producing televisions. What would cause firm Z's supply curve to shift to the left whilst the market supply curve for televisions shifts to the right?
AFirm Z benefits more from advances in technology than the other firms in the industry.
BFirm Z experiences a strike whilst more firms enter the industry.
CFirm Z passes on more of a tax to its customers than the other firms in the industry.
DFirm Z reduces its costs of raw materials whilst other firms in the industry lower their wage costs.
✓ Correct Answer
The correct answer is B. This question tests the candidate's understanding of demand and supply 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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