Economics · May / June 2023 · Paper 12 · Question 5

Good X is demanded in two areas, Y and Z. The table shows the amount of X demanded in these areas at different prices. [table: price of good X (US$) | quantity demanded per month area Y | area Z; 5 | 1000 | 200; 10 | 800 | 150; 15 | 600 | 100; 20 | 400 | 50; 25 | 200 | 0] What can be concluded from the table?

1. AConsumers in area Y are more willing and able than consumers in area Z to buy good X.
2. BConsumers in area Y are richer than consumers in area Z.
3. CConsumers in area Y want the good more than consumers in area Z.
4. DThere are more consumers living in area Y than in area Z.

As printed in the paper