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Question 18M.1.SL.TZ1.a

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Date May 2018 Marks available [Maximum mark: 10] Reference code 18M.1.SL.TZ1.a
Level SL Paper 1 Time zone TZ1
Command term Explain Question number a Adapted from N/A
a.
[Maximum mark: 10]
18M.1.SL.TZ1.a

Explain two factors that would lead to an increase in the demand for a product.

[10]

Markscheme

Answers may include:

  • definition of demand
  • diagram to show a supply and demand with a shift of the demand curve to the right
  • explanation of how changes to the non-price determinants of demand produce shifts in demand
  • examples of specific products, with reference to determinants of demand.

NB If only one non-price factor is explained, a maximum of Level 2 can be achieved.
Also, be aware of confusion between price and non-price factors and the difference between an increase in demand and an increase in the quantity demanded.

Marks should be allocated according to the Paper 1 markbands for May 2013 forward, part A.

Syllabus sections