A-LevelEconomicsGovernment InterventionFeb/Mar 2017Paper 1 Q171 Mark
In the diagram, D is the demand curve of an agricultural commodity and S is the initial supply curve. The government promises to maintain farmers' incomes at least at this initial level. The harvests in four subsequent years are shown by supply curves S1–S4. [Diagram] How much in total will the government need to pay to support farmers over the four subsequent years?
A$0
B$3000
C$6000
D$10000
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The correct answer is A. This question tests the candidate's understanding of government intervention within the Economicssyllabus. The examiner's mark scheme requires...
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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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