Exemplars

May 2024
6
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Examiner's summary

Criterion A [2/3]:

The student included only one relevant diagram, but in order to score maximum points, the commentary should have two diagrams. A diagram showing the negative externality of automobile consumption could have been added. Each diagram included in the work is labeled and accurate, and the student could have labeled the x-axis as "Quantity of automobiles" and the y-axis as "Price of automobiles" to improve it and connect it more to the article. The student describes how the imposition of the new policy affects the MPB curve, quantity and price of automobiles and welfare loss while constantly referring to the diagram.

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Criterion B [2/2]:

The student appropriately uses subject-specific terminology relevant to the chosen article and key concept, such as social optimum equilibrium, price inelasticity, and welfare loss, demonstrating a clear understanding of Unit 2 Microeconomics. This incorporation of terminology is evident throughout the entire commentary, specifically related to government intervention and market failure.

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Criterion C [0/0]:

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Criterion D [0/0]:

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Criterion E [0/0]:

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Other requirements [0/0]:

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