A-LevelEconomicsGovernment microeconomic intervention9708/12 · Oct/Nov 2018 · Q161 Mark
In 2014 Egypt reduced subsidies on fossil fuels such as gasoline and diesel. The diagram shows the initial equilibrium at point X. [Diagram] What will be the new equilibrium after the reduction of subsidies?
This question uses a diagram from the original paper, which isn't shown here. Open the full paper from the past papers archive to see it.
APoint A
BPoint B
CPoint C
DPoint D
✓ Correct answer
B: Point B
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