Low
Achi
evement
11
LOW ACHIEVEMENT 11
Q1
A3
Graph and table correct.
Q2
A3
Graph correct.
Correctly explains decrease in demand to Achievement level, but
provides no explanation of price decrease or revenue decrease.
Q3
N2
Graph correct.
States increase in QD.
Incorrectly states that consumers will spend more.
No other relevant information.
Q4
A3
Graph correct.
No calculations correct and no written statement provided.
Hi
gh
Achi
evement
16
HIGH ACHIEVEMENT 16
Q1
A4
Graph and table correct.
States that a surplus occurs but fails to use correct economic
terminology to explain (provide definition) of surplus or the
changes in quantity demanded or quantity supplied. Does explain
that the producer would decrease the price in order to sell unsold
stock.
Q2
M6
Graph is correct.
Links new “information” to a decrease in demand and shift to the
left. (does not link to taste/preferences).
Explains that a surplus exists at the previous equilibrium and that
the producer is forced to lower the price.
Explains that revenue for the producers is “less” due to lower
prices and a lowered quantity.
Q3
N2
Graph is mostly correct – except incorrectly writes surplus instead
of shortage.
Does identify shortage in paragraph. Paragraph provides no other
relevant material towards Achievement.
Q4
A4
Graph is correct.
Candidate incorrectly identifies price seller receives after tax and
does not calculate revenue correctly.