A-LevelEconomicsGovernment InterventionOct/Nov 2018Paper 1 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?
APoint A
BPoint B
CPoint C
DPoint D
✓ Correct Answer
The correct answer is B. 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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