O-LevelEconomicsThe allocation of resources2281/11 · May/June 2013 · Q51 Mark

There are a fixed number of seats at a concert. Most of the audience would continue to attend even if the seat prices were increased. Which demand and supply diagram represents this situation?

This question uses a diagram from the original paper, which isn't shown here. Open the full paper from the past papers archive to see it.

A[Diagram A]

B[Diagram B]

C[Diagram C]

D[Diagram D]

✓ Correct answer

C: [Diagram C]

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Topic: The allocation of resources, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source: O-Level Economics, May/June 2013 Paper 1 Variant 1, question 5.

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