A-LevelEconomicsThe price system and the microeconomy9708/12 · May/June 2017 · Q121 Mark

What would prevent the operation of the market mechanism's rationing function?

Afalling prices

Bprice controls

Crising profits

Dself interest

✓ Correct answer

B: price controls

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Topic: The price system and the microeconomy, A-Level Economics (syllabus 9708). Multiple choice, 1 mark.
Source: A-Level Economics, May/June 2017 Paper 1 Variant 2, question 12.

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