A-LevelEconomicsGovernment microeconomic intervention9708/12 · Oct/Nov 2019 · Q161 Mark
The diagram shows an initial market equilibrium for an agricultural product of $6 and 800 units. How much will the government have to spend to increase the market price to $10? [Figure 16]
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.
A$1600
B$2400
C$3200
D$4000
✓ Correct answer
D: $4000
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