Hkcee 2010 Econ Paper 2 Q2 -

The focuses on the foundational microeconomic concept of Opportunity Cost , specifically testing how a student evaluates alternatives when resource constraints or market prices change . To help students and educators preparing for similar assessments like the Hong Kong Diploma of Secondary Education (HKDSE), this article provides a structured breakdown of the question's core concepts, structural logic, and step-by-step scoring strategies. Core Concept: Opportunity Cost (機會成本)

When handling a past paper scenario modeled after this question, use the following tactical approach: 1. Identify the Options List out all the paths the individual or firm can take. 2. Segregate Explicit and Implicit Value

Do you need help with a (e.g., a tax introduction or a price change)?

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

Initial equilibrium (P=$6, Q=80):

This is a classic "trap" question. Students often confuse "opportunity cost" with "net benefit." While the

The early questions in HKCEE Paper 2 (Short Questions) typically evaluate a student's grasp of introductory microeconomics. Question 2 traditionally revolves around one of two foundational pillars: 1. Scarcity, Choice, and Opportunity Cost

This specific question evaluates a candidate’s understanding of —the core pillars of introductory microeconomics. This article breaks down the mechanics of the question, explores the underlying theory, and provides an extensive evaluation guide to ensure you capture every mark. Understanding the Core Question Concept

Quantity demanded = 10 tonnes, quantity supplied = 20 tonnes. This creates an excess supply (surplus) of 10 tonnes. hkcee 2010 econ paper 2 q2

Rice is generally a necessity with few substitutes → demand is price inelastic in short run. Thus, price rise → total revenue of sellers increases.

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

After price ceiling ($4, Q=60):

The question specifies that investors choose between and property . Choice : Investment in shares. The focuses on the foundational microeconomic concept of

Based on official answer compilations like those from A1 Education and Scribd , the answer for .

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: Write down what is being chosen and what is being left behind.