A-LevelEconomicsThe Market System and Market FailureMay/June 2019Paper 1 Q71 Mark
The diagram shows the demand for and supply of cream. The original equilibrium is point X. Strawberries and cream are complementary goods. If the price of strawberries falls and the cost of producing cream increases which point represents the new equilibrium?
AA
BB
CC
DD
✓ Correct Answer
The correct answer is B. This question tests the candidate's understanding of the market system and market failure within the Economicssyllabus. The examiner's mark scheme requires...
📋 Examiner Report & Trap Analysis
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...
🔒
Unlock the Examiner's Answer
Sign up for free to reveal the correct answer, the official mark scheme breakdown, and the examiner trap analysis for this question.
Sign Up Free to Unlock →Join thousands of Cambridge students already using Oracle Prep