Note AcademyNote Academy
Start

Economics · Oct / Nov 2025 · Paper 13 · Question 9

2281Mixed economic system

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

  1. Aa shift in the demand curve
  2. Ba shift in the supply curve
  3. Can excess of demand over supply
  4. Dan excess of supply over demand

As printed in the paper

Show the answer

Correct answer: C. an excess of demand over supply

Sit this whole paper →More on Mixed economic system

Make a free account to save your answers and see your weak topics and ask the AI why a wrong answer is wrong.