Economics 9708/22 March 2016 | Cambridge AS Level Past Papers With Mark Scheme

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1. Analyzing the impact of falling crude oil prices and increased solar power competitiveness on the global energy market.
2. Using demand and supply diagrams to illustrate changes in solar power prices and their economic implications.
3. Calculating the cross-price elasticity between solar power prices and oil demand, and interpreting its significance.
4. Examining the effects of market pricing versus government intervention in Venezuela’s gasoline industry.
5. Discussing the potential benefits and risks of a bolivar devaluation to address Venezuela’s recession, inflation, and fiscal challenges.
6. Comparing the roles of subsidies, taxes, and government policies in addressing price distortions for merit and demerit goods, and improving the price elasticity of supply for essential goods.