A-LevelEconomicsGovernment Intervention in MarketsMay/June 2011Paper 1 Q121 Mark
Global stocks of cod are currently under threat due to over-fishing whilst there are ample supplies of the less popular Alaskan pollock. How might the price mechanism operate to limit the depletion of fish stocks?
AThe price of both cod and Alaskan pollock will fall.
BThe price of both cod and Alaskan pollock will rise.
CThe price of cod will fall whilst the price of Alaskan pollock will rise.
DThe price of cod will rise whilst the price of Alaskan pollock will fall.
✓ 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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