O-LevelEconomicsThe allocation of resources2281/11 · May/June 2020 · Q61 Mark

The diagram shows market demand and supply curves. To what extent is the market in disequilibrium at price P3? [Figure 6.1]

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AOQ1 – OQ2

BOQ1 – OQ3

COQ2 – OQ4

DOQ3 – OQ5

✓ Correct answer

D: OQ3 – OQ5

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Topic: The allocation of resources, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source: O-Level Economics, May/June 2020 Paper 1 Variant 1, question 6.

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