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?
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. This question tests the candidate's understanding of government intervention in markets 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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