A-LevelEconomicsThe price system and the microeconomy9708/33 · May/June 2018 · Q141 Mark
The government imposes a maximum wage limit on recording artists. What must result in the short-run if the measure is effective?
- Aa decrease in the demand for recording artists
- Ba decrease in the economic rent earned by recording artists
- Ca decrease in the profits of record companies
- Da decrease in the supply of recording artists
Mark scheme
Marking points from the official mark scheme (May/June 2018). The mark or mark type is shown in brackets.
- [1] B
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