A-LevelEconomicsDemand and SupplyMay/June 2017Paper 1 Q81 Mark
The price elasticity of demand for a product is constant and equal to unity. Which curve in the diagram shows the relationship between total expenditure on the product and its price? [Figure 8.1]
A[Diagram option A]
B[Diagram option B]
C[Diagram option C]
D[Diagram option D]
✓ Correct Answer
The correct answer is C. 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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