O-LevelEconomicsThe allocation of resources2281/13 · Oct/Nov 2025 · Q91 Mark

The diagram shows the equilibrium price for bread. What will be the short-term effect if the government sets a maximum price below $5? [Figure 9.1]

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Ashift in the demand curve

Bshift in the supply curve

Can excess of demand over supply

Dan excess of supply over demand

✓ Correct answer

C: an excess of demand over supply

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Topic: The allocation of resources, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source: O-Level Economics, Oct/Nov 2025 Paper 1 Variant 3, question 9.

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