Cambridge International AS & A Level Cambridge International AS & A Level
ECONOMICS 9708/11 ECONOMICS 9708/11
Paper 1 AS Multiple Choice May/June 2026 Paper 1 AS Level Multiple Choice May/June 2026
1 hour MARK SCHEME
Maximum Mark: 30
You must answer on the multiple choice answer sheet.
You will need: Multiple choice answer sheet
*
Soft clean eraser
Published
Soft pencil (type B or HB is recommended)
INSTRUCTIONS
• There are thirty questions on this paper. Answer all questions.
*
This mark scheme shows the correct answer to each question.
• For each question there are four possible answers A, B, C and D. Choose the one you consider correct
and record your choice in soft pencil on the multiple choice answer sheet. We cannot discuss the mark scheme with schools, and we recommend that schools read the mark scheme
• Follow the instructions on the multiple choice answer sheet. together with the question paper and the Principal Examiner Report for Teachers.
• Write in soft pencil.
• Write your name, centre number and candidate number on the multiple choice answer sheet in the
spaces provided unless this has been done for you.
• Do not use correction fluid or tape.
• Do not write on any bar codes.
• You may use a calculator.
INFORMATION
• The total mark for this paper is 30.
• Each correct answer will score one mark.
• Any rough working should be done on this question paper.
This document has 12 pages. Any blank pages are indicated.
06_9708_11_2026_1.8 This document consists of 3 printed pages.
Cambridge University Press & Assessment 2026 [Turn over
Cambridge University Press & Assessment 2026 [Turn over
, 2 9708/11 Cambridge International AS & A Level – Mark Scheme May/June 2026
PUBLISHED
1 What is an example of a want rather than a need?
Question Answer Marks
A clothing 1 C 1
B food
2 A 1
C holiday
3 D 1
D water
4 A 1
2 Which combination would occur for a demerit good? 5 D 1
6 C 1
impact on the amount
consumer consumed 7 B 1
A negative over-consumed 8 C 1
B negative under-consumed 9 B 1
C positive over-consumed
10 A 1
D positive under-consumed
11 D 1
12 C 1
3 A school leaver decides to study for a degree in accountancy at university rather than take a job
as a trainee accountant. 13 B 1
What will increase the opportunity cost of this decision? 14 D 1
15 A 1
A A rise in students failing to complete accountancy degree courses.
B A rise in the hours worked by trainee accountants. 16 B 1
C A rise in the university tuition fees for accountancy degree courses. 17 A 1
D A rise in the wage rate for trainee accountants. 18 B 1
19 D 1
4 Which statement is normative?
20 C 1
A minimum wage is the correct government policy to increase the incomes of the lowest
A 21 D 1
paid workers.
B A minimum wage is the lowest amount that employers can legally pay their workers. 22 B 1
C In Pakistan, a minimum wage of 15 000 Pakistani rupees per month was set on 1 June 2016. 23 B 1
D Setting the minimum wage rate above the equilibrium will result in an excess supply of workers. 24 D 1
25 D 1
26 A 1
27 C 1
28 A 1
Cambridge University Press & Assessment 2026 06_9708_11_2026_1.8
Cambridge University Press & Assessment 2026 Page 2 of 3
ECONOMICS 9708/11 ECONOMICS 9708/11
Paper 1 AS Multiple Choice May/June 2026 Paper 1 AS Level Multiple Choice May/June 2026
1 hour MARK SCHEME
Maximum Mark: 30
You must answer on the multiple choice answer sheet.
You will need: Multiple choice answer sheet
*
Soft clean eraser
Published
Soft pencil (type B or HB is recommended)
INSTRUCTIONS
• There are thirty questions on this paper. Answer all questions.
*
This mark scheme shows the correct answer to each question.
• For each question there are four possible answers A, B, C and D. Choose the one you consider correct
and record your choice in soft pencil on the multiple choice answer sheet. We cannot discuss the mark scheme with schools, and we recommend that schools read the mark scheme
• Follow the instructions on the multiple choice answer sheet. together with the question paper and the Principal Examiner Report for Teachers.
• Write in soft pencil.
• Write your name, centre number and candidate number on the multiple choice answer sheet in the
spaces provided unless this has been done for you.
• Do not use correction fluid or tape.
• Do not write on any bar codes.
• You may use a calculator.
INFORMATION
• The total mark for this paper is 30.
• Each correct answer will score one mark.
• Any rough working should be done on this question paper.
This document has 12 pages. Any blank pages are indicated.
06_9708_11_2026_1.8 This document consists of 3 printed pages.
Cambridge University Press & Assessment 2026 [Turn over
Cambridge University Press & Assessment 2026 [Turn over
, 2 9708/11 Cambridge International AS & A Level – Mark Scheme May/June 2026
PUBLISHED
1 What is an example of a want rather than a need?
Question Answer Marks
A clothing 1 C 1
B food
2 A 1
C holiday
3 D 1
D water
4 A 1
2 Which combination would occur for a demerit good? 5 D 1
6 C 1
impact on the amount
consumer consumed 7 B 1
A negative over-consumed 8 C 1
B negative under-consumed 9 B 1
C positive over-consumed
10 A 1
D positive under-consumed
11 D 1
12 C 1
3 A school leaver decides to study for a degree in accountancy at university rather than take a job
as a trainee accountant. 13 B 1
What will increase the opportunity cost of this decision? 14 D 1
15 A 1
A A rise in students failing to complete accountancy degree courses.
B A rise in the hours worked by trainee accountants. 16 B 1
C A rise in the university tuition fees for accountancy degree courses. 17 A 1
D A rise in the wage rate for trainee accountants. 18 B 1
19 D 1
4 Which statement is normative?
20 C 1
A minimum wage is the correct government policy to increase the incomes of the lowest
A 21 D 1
paid workers.
B A minimum wage is the lowest amount that employers can legally pay their workers. 22 B 1
C In Pakistan, a minimum wage of 15 000 Pakistani rupees per month was set on 1 June 2016. 23 B 1
D Setting the minimum wage rate above the equilibrium will result in an excess supply of workers. 24 D 1
25 D 1
26 A 1
27 C 1
28 A 1
Cambridge University Press & Assessment 2026 06_9708_11_2026_1.8
Cambridge University Press & Assessment 2026 Page 2 of 3
