A-LevelEconomicsGovernment Intervention in MarketsMay/June 2010Paper 1 Q171 Mark

The diagram shows the demand and supply curves of a good. The government sets a maximum price of OJ for the good. How will this affect the consumers and producers of the good?

Q: What topic does this question test?

This question tests Government Intervention in Markets in A-Level Economics (syllabus code 9708). It is worth 1 mark.

AAll consumers will gain.; Producers will lose.

BAll consumers will gain.; Producers will gain.

CSome consumers will gain and some will lose.; Producers will gain.

DSome consumers will gain and some will lose.; Producers will lose.

✓ Correct Answer

The correct answer is D: Some consumers will gain and some will lose.; Producers will lose.

📋 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...

🎯 Mark Scheme Breakdown

Award 1 mark for identifying the correct principle. Award 1 mark for showing clear working. Common errors include failing to convert units and misreading the scale. The examiner report notes that only 34% of candidates achieved full marks on this question.

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About This A-Level Economics Question

Topic

This multiple-choice question tests Government Intervention in Markets in A-Level Economics (syllabus code 9708). It is worth 1 mark.

Source

This question appeared in the Cambridge A-Level Economics May/June 2010 examination, Paper 1 Variant 2.

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