A-LevelEconomicsGovernment Intervention in MarketsMay/June 2011Paper 1 Q171 Mark
In the diagram S and S₁ are the supply curves for an agricultural product in years 1 and 2 respectively. D is the demand curve in years 1 and 2. In year 1 the government purchased an amount necessary to ensure that the price was OP. The price is held at OP in year 2. How much more must the government buy in year 2 than it bought in year 1?
AWX
BXY
CXZ
DYZ
✓ 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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