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A-LevelEconomicsGovernment microeconomic intervention9708/12 · Feb/Mar 2022 · Q151 Mark

What are the effects of a government imposing a maximum price below the equilibrium price? [Figure 15]

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Ademand: falls, supply: falls
Bdemand: falls, supply: rises
Cdemand: rises, supply: falls
Ddemand: rises, supply: rises

✓ Correct answer

C: demand: rises, supply: falls

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About this question

Topic
Government microeconomic intervention, A-Level Economics (syllabus 9708). Multiple choice, 1 mark.
Source
A-Level Economics, Feb/Mar 2022 Paper 1 Variant 2, question 15.

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