A-LevelEconomicsThe Market System and Market FailureMay/June 2019Paper 1 Q131 Mark
Which combination of events is most likely to leave the demand curve for a normal good in the same position?
Adecrease in consumer incomes and an increase in the price of a substitute good
Bdecrease in consumer incomes and an increase in the price of the good
Can increase in consumer incomes and an increase in the price of a substitute good
Dan increase in consumer incomes and an increase in the price of the good
✓ Correct Answer
The correct answer is A. 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...
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