A-LevelEconomicsGovernment microeconomic intervention9708/12 · May/June 2019 · Q161 Mark
A government intends to introduce a minimum price for rice, a maximum price for heating oil and a tax on chewing gum. Who, in each market, is meant to benefit from these policies?
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Amarket for rice: consumers, market for heating oil: government, market for chewing gum: producers
Bmarket for rice: government, market for heating oil: producers, market for chewing gum: government
Cmarket for rice: producers, market for heating oil: producers, market for chewing gum: consumers
Dmarket for rice: producers, market for heating oil: consumers, market for chewing gum: government
✓ Correct answer
D: market for rice: producers, market for heating oil: consumers, market for chewing gum: government
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