A-LevelEconomicsThe price system and the microeconomy9708/32 · May/June 2017 · Q41 Mark
The diagram shows two indifference curves for a consumer. [Figure 4.1]
- The diagram shows two indifference curves for a consumer. [Figure 4.1] What can be concluded if the consumer's equilibrium moves from Q to R? A The consumer is acting rationally. B The consumer's money income is unchanged. C The opportunity cost of good Y is constant. D The price of good X has risen.[1]
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Mark scheme
Marking points from the official mark scheme (May/June 2017). The mark or mark type is shown in brackets.
- [1] A
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