A price of $0 does not mean the cost is $0.
The question likely involved a scenario where more people wanted a good than was available at no cost.
While the exact wording varies across translated versions, Question 2 in the 2010 Paper 2 (Multiple Choice) typically presents a scenario involving a "free" service or product to test the definition of an . hkcee 2010 econ paper 2 q2
For full practice sets, you can find the complete 2010 Paper 2 and marking schemes on platforms like DSE Treasure or AfterSchool . Hkcee Econ Past Paper - mchip.net
If more than one person wants the same unit of a good, it is scarce. A price of $0 does not mean the cost is $0
If it takes effort or resources to make, it has an opportunity cost.
The is a classic multiple-choice question focused on the foundational concept of Scarcity and Economic Goods . In the final years of the HKCEE (1978–2011) , examiners frequently used these early questions to test whether students could distinguish between "economic goods" and "free goods" based on the presence of opportunity cost. Question Overview For full practice sets, you can find the
Based on official answer compilations like those from A1 Education and Scribd , the answer for .