Economics (AS & A Level) · Oct / Nov 2025 · Paper 11 · Question 5
9708Classification of goods and services
Which merit good is likely to be under-consumed the most?
- Ahigh level of imperfect information among consumers; yes subsidy received by producers
- Bhigh level of imperfect information among consumers; no subsidy received by producers
- Clow level of imperfect information among consumers; yes subsidy received by producers
- Dlow level of imperfect information among consumers; no subsidy received by producers
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Correct answer: B. high level of imperfect information among consumers; no subsidy received by producers
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