Economics 9708/23 May June 2013 | Cambridge AS Level Past Papers With Mark Scheme

You can download the PDF file for complete details.

1. Comparison of nominal and real gold prices over time and their reflection on economic conditions.
2. Estimation of price elasticity of supply for scrap gold and its categorization as elastic or inelastic.
3. Analysis of shifts in gold supply sources (scrap, mining, central banks) between 2001 and 2009.
4. Discussion on gold's similarity to consumer goods and the distinct dynamics of the gold market.
5. Application of production possibility curves to demonstrate opportunity cost and economic growth.
6. Comparison of free market and centrally planned economies in maximizing consumer benefit.