A-LevelEconomicsGovernment microeconomic intervention9708/12 · Oct/Nov 2016 · Q171 Mark
Which government policy might limit the rationing function of the price mechanism?
Athe abolition of tariffs on imported consumer goods
Bthe levy of indirect taxes at varying rates on different goods
Cthe payment of subsidies to exporters
Dthe setting of minimum prices for milk
✓ Correct answer
D: the setting of minimum prices for milk
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