A-LevelEconomicsThe price system and the microeconomy9708/31 · May/June 2019 · Q121 Mark

A firm sells its product to consumers in two separate markets, M and N. Under which conditions will a policy of price discrimination between the two markets be most profitable for the firm? price elasticity of demand in market M price elasticity of demand in market N geographical distance between markets M and N A 1.2 1.2 large B 1.2 1.2 small C 1.8 1.2 large D 1.8 1.2 small

Mark scheme

Marking points from the official mark scheme (May/June 2019). The mark or mark type is shown in brackets.

On Oracle Prep you can write or photograph your own answer and have it marked by AI against this mark scheme, with feedback on what you missed.

Topic: The price system and the microeconomy, A-Level Economics (syllabus 9708). Structured question, 1 mark.
Source: A-Level Economics, May/June 2019 Paper 3 Variant 1, question 12.

Questions and mark schemes are from past examination papers and remain the copyright of the exam board. How Oracle Prep builds its content