A-LevelEconomicsThe price system and the microeconomy9708/32 · May/June 2018 · Q81 Mark

In the year ending July 2016, airline fuel prices fell by 20.4% while the price of passenger aircraft increased by around 1.1%. Assuming no other changes in the passenger airline industry, what was the outcome for fixed costs and variable costs? fixed costs | variable costs ------------|----------------- A decreased | decreased B decreased | increased C increased | decreased D increased | increased

Mark scheme

Marking points from the official mark scheme (May/June 2018). 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 2018 Paper 3 Variant 2, question 8.

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