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A-LevelEconomicsThe price system and the microeconomy9708/32 · Feb/Mar 2017 · Q131 Mark

A consumer demands two goods, X and Y. The indifference curve diagram shows the effect of a change in the price of one of these goods on the consumer's equilibrium. [Figure showing good Y vs good X, with budget lines and indifference curves I1, I2]

  1. (a)Which demand curve can be deduced from the diagram? A [Diagram of a downward-sloping demand curve for good X, starting above origin and intersecting X-axis] B [Diagram of a downward-sloping demand curve for good X, starting from origin and intersecting X-axis] C [Diagram of a downward-sloping demand curve for good Y, starting above origin and intersecting Y-axis] D [Diagram of a downward-sloping demand curve for good Y, starting from origin and intersecting Y-axis][1]

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Mark scheme

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

  1. [1] Answer: B

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About this question

Topic
The price system and the microeconomy, A-Level Economics (syllabus 9708). Structured question, 1 mark.
Source
A-Level Economics, Feb/Mar 2017 Paper 3 Variant 2, question 13.

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