A-LevelEconomicsGovernment microeconomic intervention9708/12 · May/June 2013 · Q131 Mark
The diagram shows the change in the number of passengers when a company reduces the fare for a train journey from OP₁ to OP₂. Which areas measure the consumer surplus at the new fare for the original passengers and for the additional passengers? [Figure 13.1 showing demand curve for train journeys and consumer surplus areas]
This question uses a diagram from the original paper, which isn't shown here. Open the full paper from the past papers archive to see it.
AV y
Bv + w y
Cv + w + X y + z
DX z
✓ Correct answer
B: v + w y
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