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A-LevelEconomicsDemand and RevenueMay/June 2017Paper 3 Q61 Mark

The demand curve for a good has unit price elasticity throughout its length. Which statement about marginal revenue is correct?

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The correct answer is . This question tests the candidate's understanding of demand and revenue 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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About This A-Level Economics Question

This structured question appeared in the Cambridge A-Level Economics (9708) May/June 2017 examination, Paper 3 Variant 3. It tests the topic of Demand and Revenue and is worth 1 mark.

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