Hkcee 2010 Econ Paper 2 Q2 !!link!! Jun 2026

This part separates A-grade students from the rest.

CS = area of triangle above $30 up to demand: Base = 80 units, Height = ($50-$30)=$20? No – top price for Q=1? Actually demand starts at price $50 for Q=60, but for Q=0, price higher. Let's use trapezoid method. hkcee 2010 econ paper 2 q2

Opportunity cost only includes monetary expenses. (Incorrect) This part separates A-grade students from the rest

If the question explicitly says “explain without diagram” (typical HKCEE), use words: “The marginal benefit of the 70th unit exceeds its marginal cost, but it is not produced under the price ceiling.” but for Q=0

From the table: At Price = $30 → Qd = 80, Qs = 80.

The demand and supply schedules for a good in a competitive market are as follows: