O-LevelEconomicsThe allocation of resources2281/11 · Oct/Nov 2010 · Q101 Mark

The diagrams show different conditions of demand and supply for an agricultural product. [Figure 10.1] In which diagram would market price remain unchanged if consumers' incomes fell?

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.

ADiagram A

BDiagram B

CDiagram C

DDiagram D

✓ Correct answer

D: Diagram D

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Topic: The allocation of resources, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source: O-Level Economics, Oct/Nov 2010 Paper 1 Variant 1, question 10.

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