Economics · May / June 2016 · Paper 11 · Question 15

The diagram shows the demand and supply of places in independent (private) schools which charge fees. The equilibrium position is X. The costs of independent (private) schools rise. Also a report is issued which states that Government schools achieve very good examination results. What is likely to be the new equilibrium position?

1. AA
2. BB
3. CC
4. DD

As printed in the paper