A-LevelEconomicsGovernment InterventionOct/Nov 2012Paper 1 Q181 Mark
The diagram shows the market supply and demand curves for an agricultural product. The government guarantees producers a minimum price of OX for their output, but allows the market price to be freely determined by demand and supply. [Diagram] Which area in the diagram represents the total subsidy payments made by the government to producers?
AUYTS
BUYZW
CXUWV
DXYZV
✓ Correct Answer
The correct answer is D. This question tests the candidate's understanding of government 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...
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