Hkcee 2010 Econ Paper 2 Q2 ^new^ Jun 2026

is the correct choice because it aligns with the standard economic definition of opportunity cost or choice under scarcity.

CS_new = area under demand from 0 to 10, above price $80. [ CS_new = \frac12 \times (100 - 80) \times 10 = \frac12 \times 20 \times 10 = 100 ] CS decreases by ( 256 - 100 = 156 ).

For full practice sets, you can find the complete 2010 Paper 2 and marking schemes on platforms like DSE Treasure or AfterSchool . Hkcee Econ Past Paper - mchip.net

For future candidates, some tips to improve performance on similar questions include: hkcee 2010 econ paper 2 q2

In economics, opportunity cost is when making a choice. It is not the sum of all alternatives.

: The HKCEE marking scheme rewards precision. For example, in part (b), simply saying a normal good's demand "increases with income" is not enough for full marks. The mark scheme explicitly allocated a point for correctly stating YED > 0 for normal goods and YED < 0 for inferior goods. Therefore, always use the correct economic terms and symbols.

The opportunity cost of making a choice is the highest-valued option forgone . is the correct choice because it aligns with

The question likely involved a scenario where more people wanted a good than was available at no cost.

Mastering this specific question requires breaking down the core concepts of opportunity cost, exploring its practical applications, and examining common traps that catch students off-guard. Core Theoretical Framework: Opportunity Cost

Quantity demanded = 10 tonnes, quantity supplied = 20 tonnes. This creates an excess supply (surplus) of 10 tonnes. For full practice sets, you can find the

HKCEE 2010 Economics Paper 2 Question 2 tests the concept of opportunity cost, with the correct answer, D, representing the highest-valued option foregone. The question typically requires distinguishing the next-best alternative from the sum of all forgone options or irrelevant costs. View the question in the HKCEE Economics Multiple Choice paper on HKCEE Economics Multiple Choice - Scribd

is not just a test of memory; it is a test of economic reasoning. It forces students to move beyond reciting definitions and into the realm of applied welfare economics. A student who can solve Q2 confidently can tackle any first-year university microeconomics problem on price controls and taxation.

A suggested answer to this question could be:

Note: Changes to the chosen option affect your net utility or preference, but they do not alter the value of what you gave up. Avoid These Common Exam Pitfalls

In Paper 2 (the Multiple Choice section), the HKEAA frequently designs scenarios to test whether a student can track changes in opportunity cost. These questions usually present a change in circumstances and ask how it affects a consumer or producer's cost. Case Study Matrix: Evaluating Cost Fluctuations