O-LevelEconomicsThe allocation of resources2281/12 · May/June 2025 · Q61 Mark

The diagrams show the demand curves for the only two buyers in a market. [Figure 6.1] What will be the shape of the market demand curve for the good?

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A[Demand curve with constant slope]

B[Demand curve with two segments, first steeper, then flatter]

C[Demand curve with two segments, first flatter, then steeper]

D[Demand curve with three segments]

✓ Correct answer

C: [Demand curve with two segments, first flatter, then steeper]

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

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