A-LevelEconomicsThe Price System and the MicroeconomyMay/June 2014Paper 1 Q61 Mark
The diagram shows the market for milk. Two conditions change. The cost of catt sharply and this is followed by the government raising the tax on cheese which uses production. [Figure: Market for milk showing price vs. quantity, with multiple demand curves D and points W, X, Y, Z]
Afrom W to X, followed by X to Z
Bfrom W to Z, followed by Z to X
Cfrom X to Z, followed by Z to Y
Dfrom Z to X, followed by X to Y
✓ 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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