A-LevelEconomicsGovernment Intervention / Price ControlsOct/Nov 2021Paper 1 Q171 Mark
The diagram shows a firm's supply of and demand for apples. If a minimum price is increased from P₁ to P2 what will happen to the amount of apples sold?
AIt will decrease from Q₁ to Q2.
BIt will decrease from Q4Q1 to Q2Q3.
CIt will increase from Q3 to Q4.
DIt will increase from Q3Q2 to Q4Q1.
✓ Correct Answer
The correct answer is A. This question tests the candidate's understanding of government intervention / price controls 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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