O-LevelEconomicsThe allocation of resources2281/11 · May/June 2010 · Q61 Mark

The diagram shows the market for fresh fish in the Caribbean with equilibrium point X. New, more efficient boats with lower running costs are then used. Which point represents the new equilibrium? [Figure 6]

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✓ Correct answer

D: D

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Topic: The allocation of resources, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source: O-Level Economics, May/June 2010 Paper 1 Variant 1, question 6.

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