O-LevelEconomicsThe allocation of resources2281/12 · Oct/Nov 2025 · Q61 Mark

The diagram shows the demand curve for a good. What can be concluded about a single downward-sloping demand curve? [Figure 6.1]

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Aconsumers increase demand when their incomes rise

Bconsumers plan to buy less when prices rise

Cfirms produce less as prices rise

Dfirms sell more when prices rise

✓ Correct answer

B: consumers plan to buy less when prices rise

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Topic: The allocation of resources, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source: O-Level Economics, Oct/Nov 2025 Paper 1 Variant 2, question 6.

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