In the diagram, D is the demand curve of an agricultural commodity and S is the initial supply curve. The government promises to maintain farmers’ incomes at least at this initial level. The harvests in four subsequent years are shown...

9708_m17_qp_12

MCQ

2017

Paper 1, Variant 2

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At first, a television service is available at no charge. The television company then charges viewers $6 per hour to watch its programmes. The demand curve is D. price ($) number of hours viewed D What is the value of the loss in consumer surplus and what value of consumer surplus remains after the introduction of the hourly charge?

9708_m18_qp_12

MCQ

2018

Paper 1, Variant 2

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Demand curves are drawn ceteris paribus. Which ‘other things’ are not required to remain the same when an individual’s demand curve for ice cream is constructed?

9708_m22_qp_12

MCQ

2022

Paper 1, Variant 2

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What is the definition of effective demand?

9708_m24_qp_12

MCQ

2024

Paper 1, Variant 2

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A government introduces a maximum price for house rentals (maxPh) and a minimum price for cleaning services (minPc). Which diagram shows that the maximum price will be effective and the minimum price will be ineffective in the respective markets?

9708_s05_qp_1

MCQ

2005

Paper 1, Variant 0

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Which piece of information would enable you to construct the market demand curve for a product?

9708_s06_qp_1

MCQ

2006

Paper 1, Variant 0

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The diagram shows the demand and supply curves for parking spaces in a hospital car park. number of spaces price P S D O The managers decide to rely on the price mechanism to allocate parking spaces at the hospital most effectively. What is required in order for this to work?

9708_s06_qp_1

MCQ

2006

Paper 1, Variant 0

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What ensures that demand for a product is effective?

9708_s07_qp_1

MCQ

2007

Paper 1, Variant 0

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In the diagram, the supply curve shows the number of spaces in a car park and the demand curve shows the demand for spaces on four different days. S D4 P4 P3 P2 P1 D3 D2 D1 O quantity price The owner wishes to charge a parking fee on each of these days to allocate the spaces according to the market mechanism. Which pricing policy should the owner use?

9708_s08_qp_1

MCQ

2008

Paper 1, Variant 0

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The table shows the demand for tickets for a concert. price of tickets $ quantity demanded The capacity of the concert hall is 6000. What price should be charged to maximise total revenue?

9708_s09_qp_1

MCQ

2009

Paper 1, Variant 0

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