A-LevelEconomicsGovernment InterventionOct/Nov 2019Paper 1 Q81 Mark
A government introduces a maximum price above the market price. What will be the effect on consumer and producer surplus?
Aconsumer surplus: fall, producer surplus: rise
Bconsumer surplus: rise, producer surplus: fall
Cconsumer surplus: rise, producer surplus: unchanged
Dconsumer surplus: unchanged, producer surplus: unchanged
✓ 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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