A-LevelEconomicsGovernment microeconomic intervention9708/12 · Oct/Nov 2009 · Q161 Mark

The diagram shows the market for wheat. [Figure] What quantity of wheat must the government buy if it wishes to raise the market price from P₁ to P₂?

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AOZ

BXY

CXZ

DYZ

✓ Correct answer

C: XZ

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Topic: Government microeconomic intervention, A-Level Economics (syllabus 9708). Multiple choice, 1 mark.
Source: A-Level Economics, Oct/Nov 2009 Paper 1 Variant 2, question 16.

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The diagram shows the market for wheat. [Figure] What quantity of wheat must the government buy if it wishes to raise the market price from P₁ to P₂?

✓ Correct answer

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About this question

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