A-LevelEconomicsThe price system and the microeconomy9708/31 · May/June 2017 · Q11 Mark

What would be an example of a market failure? A higher prices for hotel rooms at holiday periods B noise pollution experienced near major airports C periods of inflation when prices of all goods and services rise D 20% of a country's population live in poverty

Mark scheme

Marking points from the official mark scheme (May/June 2017). The mark or mark type is shown in brackets.

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Topic: The price system and the microeconomy, A-Level Economics (syllabus 9708). Structured question, 1 mark.
Source: A-Level Economics, May/June 2017 Paper 3 Variant 1, question 1.

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