Economics (AS & A Level) · May / June 2022 · Paper 11 · Question 14
9708Methods and effects of government intervention in markets
Which row shows the effect of the maximum and minimum prices described in the headings of the table?
- Aexcess demand | no effect | no effect
- Bexcess supply | no effect | no effect
- Cno effect | excess demand | excess supply
- Dno effect | excess supply | excess demand
As printed in the paper
Show the answer
Correct answer: C. no effect | excess demand | excess supply
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