Podcast
Questions and Answers
What was the majority of candidates able to accurately illustrate in their answer for Question 1(a)?
What was the majority of candidates able to accurately illustrate in their answer for Question 1(a)?
A parallel shift left in supply to secure the two knowledge marks.
What was the minority's mistake in illustrating the shift in Question 1(a)?
What was the minority's mistake in illustrating the shift in Question 1(a)?
Illustrating the shift as an ad-valorem tax and thus only securing one knowledge mark.
What was the common accuracy in answering Question 2(a)?
What was the common accuracy in answering Question 2(a)?
Many candidates were able to answer the question well.
Did the majority of candidates accurately apply the consumer and producer tax incidence in their answer for Question 1(a)?
Did the majority of candidates accurately apply the consumer and producer tax incidence in their answer for Question 1(a)?
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Did the answer that scored the full 4 marks for Question 1(a) apply the tax per litre accurately?
Did the answer that scored the full 4 marks for Question 1(a) apply the tax per litre accurately?
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Was Question 2(a) generally answered poorly by candidates?
Was Question 2(a) generally answered poorly by candidates?
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Which of the following accurately describes the answer that scored 2/4 marks for Question 1(a)?
Which of the following accurately describes the answer that scored 2/4 marks for Question 1(a)?
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What was the common mistake made by the minority of candidates in illustrating the shift for Question 1(a)?
What was the common mistake made by the minority of candidates in illustrating the shift for Question 1(a)?
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Which of the following accurately describes the majority of candidates' answers for Question 2(a)?
Which of the following accurately describes the majority of candidates' answers for Question 2(a)?
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