A-LevelEconomicsMarket Failure and Government InterventionMay/June 2013Paper 1 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]

Q: What is the correct answer to this A-Level Economics question?

The correct answer is B: v + w y.

Q: What topic does this question test?

This question tests Market Failure and Government Intervention in A-Level Economics (syllabus code 9708). It is worth 1 mark.

AV y

Bv + w y

Cv + w + X y + z

DX z

✓ Correct Answer

The correct answer is B: v + w y

📋 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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About This A-Level Economics Question

Topic

This multiple-choice question tests Market Failure and Government Intervention in A-Level Economics (syllabus code 9708). It is worth 1 mark.

Source

This question appeared in the Cambridge A-Level Economics May/June 2013 examination, Paper 1 Variant 2.

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