A-LevelEconomicsGovernment microeconomic intervention9708/12 · Oct/Nov 2021 · 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?
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.
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
A: It will decrease from Q₁ to Q2.
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