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Economics (AS & A Level) · Oct / Nov 2021 · Paper 13 · Question 18

9708Methods and effects of government intervention in markets

A government wishes to reduce the consumption of alcohol. Which policy will it use to achieve this aim by fixing the price of alcohol?

  1. Afix maximum price above market price
  2. Bfix maximum price below market price
  3. Cfix minimum price above market price
  4. Dfix minimum price below market price

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Correct answer: C. fix minimum price above market price

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