Hkcee 2010 Econ Paper 2 Q2 !!top!!

Candidates were expected to draw a clear demand and supply diagram (or demand shift diagram). For part (a): A downward-sloping demand curve, with P1→P2 (fall), Q1→Q2 (small increase), and two rectangles representing TR1 (P1×Q1) and TR2 (P2×Q2). TR2 should be visibly smaller, demonstrating inelastic demand.

: It is the highest-valued option forgone . hkcee 2010 econ paper 2 q2