A-LevelEconomicsGovernment microeconomic intervention9708/31 · May/June 2017 · Q141 Mark

To control the cost of living governments have sometimes imposed a maximum price on certain goods that is below the free market price. What is often an undesirable side effect of such policies? A accelerating general inflation B an increase in profits above normal profits C an increase in the stocks of unsold goods held by firms D shortages of the good

Mark scheme

Marking points from the official mark scheme (May/June 2017). The mark or mark type is shown in brackets.

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Topic: Government microeconomic intervention, A-Level Economics (syllabus 9708). Structured question, 1 mark.
Source: A-Level Economics, May/June 2017 Paper 3 Variant 1, question 14.

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