A-LevelEconomicsGovernment Intervention in MarketsMay/June 2013Paper 1 Q181 Mark
In the diagram, D is the demand curve of an agricultural commodity and S is the curve. The government promises to maintain farmers' incomes at least at this initial level. The har in four subsequent years are shown by supply curves S₁ - S₄. In which years will the government need to provide extra income to farmers? [Figure 18.1 showing demand and shifting supply curves for an agricultural commodity]
A1 and 2
B1 and 4
C2 and 3
D3 and 4
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The correct answer is B. 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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