A-LevelEconomicsGovernment Microeconomic InterventionMay/June 2020Paper 1 Q151 Mark
The diagram shows the market demand and supply curves for rice. [Figure 15.1] What would happen if a government imposed a maximum price of $10?
AThe government would need to supply Q₁ to Q₃.
BThe quantity sold would be Q₁.
CThe quantity sold would be Q₂.
DThe quantity sold would increase from Q₂ to Q₃.
✓ Correct Answer
The correct answer is C. This question tests the candidate's understanding of government microeconomic intervention within the Economicssyllabus. The examiner's mark scheme requires...
📋 Examiner Report & Trap Analysis
Common mistake: 62% of candidates selected the distractor because they confused... The examiner specifically designed this question to test whether students can differentiate between... To secure full marks, candidates must demonstrate...
🔒
Unlock the Examiner's Answer
Sign up for free to reveal the correct answer, the official mark scheme breakdown, and the examiner trap analysis for this question.
Sign Up Free to Unlock →Join thousands of Cambridge students already using Oracle Prep