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A-LevelEconomicsThe price system and the microeconomy9708/33 · May/June 2018 · Q41 Mark

What is not held constant when calculating the income effect of a change in the price of a good?

  1. Athe consumer's money income
  2. Bthe consumer's preferences
  3. Cthe consumer's real income
  4. Dthe prices of other goods

Mark scheme

Marking points from the official mark scheme (May/June 2018). The mark or mark type is shown in brackets.

  1. [1] C

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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, May/June 2018 Paper 3 Variant 3, question 4.

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