Economics 9708 · AS & A Level · Maximum and minimum prices

Maximum and minimum prices — practice question

The diagram illustrates the demand curve, D1, and the supply curve, S1, for a good. The government chooses to give producers a fixed subsidy for every unit they supply to the market. Which curve represents the new effective demand or supply curve?

  • AD2
  • BS2
  • CS3
  • DS4

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