Hkcee 2010 Econ Paper 2 Q2 (Top 100 ORIGINAL)

CS falls by 156, PS rises by 66, DWL = 90.

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The focuses on the core concept of opportunity cost in the context of investment choices. Answer Key hkcee 2010 econ paper 2 q2

The question asks about .

Students often draw ceiling above equilibrium (ineffective) or confuse with price floor. Must label shortage clearly. CS falls by 156, PS rises by 66, DWL = 90

Candidates were expected to draw a clear demand and supply diagram (or demand shift diagram). For part (a): A downward-sloping demand curve, with P1→P2 (fall), Q1→Q2 (small increase), and two rectangles representing TR1 (P1×Q1) and TR2 (P2×Q2). TR2 should be visibly smaller, demonstrating inelastic demand. For part (a): A downward-sloping demand curve, with

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