Economics (AS & A Level) · Oct / Nov 2024 · Paper 12 · Question 12

In the diagram, S1 and S2 are the supply curves for an agricultural product in years 1 and 2 respectively. D is the demand curve in years 1 and 2. In year 1, the government purchased an amount necessary to ensure that the price was OP. The price is held at OP in year 2. How much more must the government buy in year 2 than it bought in year 1?

1. AWZ
2. BXY
3. CXZ
4. DYZ

As printed in the paper