A-LevelEconomicsMicroeconomics: Government InterventionFeb/Mar 2020Paper 1 Q151 Mark
A government imposes a maximum rent in order to make rented housing more affordable. What is likely to be a long-run consequence if the maximum is set below the current free market level?
Ashortage of applicants for rented housing
Bshortage of rented housing
Can increase in supply to satisfy the increased demand for rented housing
Dan increase in the number of houses being rented
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The correct answer is B. This question tests the candidate's understanding of microeconomics: government intervention within the Economicssyllabus. The examiner's mark scheme requires...
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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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