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A-LevelEconomicsDemand and SupplyFeb/Mar 2016Paper 1 Q91 Mark

What is price elasticity of supply?

Athe change in the quantity supplied when a price changes
Bthe change in the quantity supplied when demand changes
Cthe comparison of the proportionate change in supply to the proportionate change in demand
Dthe comparison of the proportionate change in supply to the proportionate change in price

✓ Correct Answer

The correct answer is D. This question tests the candidate's understanding of demand and supply 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 multiple-choice question appeared in the Cambridge A-Level Economics (9708) Feb/Mar 2016 examination, Paper 1 Variant 2. It tests the topic of Demand and Supply and is worth 1 mark.

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