A-LevelEconomicsDemand and SupplyMay/June 2017Paper 1 Q131 Mark
The diagram shows the demand and supply curves for a good during a certain period. The market price is shown by P and the quantity traded by point M. [Figure 13.1] Which area indicates producer surplus?
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DPXB
✓ Correct Answer
The correct answer is D. This question tests the candidate's understanding of demand and supply within the Economicssyllabus. The examiner's mark scheme requires...
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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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